QLDIn ForceAct
Electrical Safety Act 2002
sec.217Assets and liabilities of EWC Board
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### sec.217 Assets and liabilities of EWC Board
The assets and liabilities of the EWC Board vest in the State.
If the EWC Board held property on trust immediately before the commencement, the State holds the property on the terms of the trust.
The general fund established under the Electricity Regulation is abolished and the amount standing to the credit of the fund immediately before the commencement vests in the State.
(sec.217-ssec.1) The assets and liabilities of the EWC Board vest in the State.
(sec.217-ssec.2) If the EWC Board held property on trust immediately before the commencement, the State holds the property on the terms of the trust.
(sec.217-ssec.3) The general fund established under the Electricity Regulation is abolished and the amount standing to the credit of the fund immediately before the commencement vests in the State.