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Electricity Industry (Residual Provisions) Act 1993
101Property transferred to nominee
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101 Property transferred to nominee
(a) all property and rights of National Electricity, wherever located, that are allocated under an allocation statement to a person nominated by the Minister in a direction under section 99, vest in that person; and
(b) all liabilities of National Electricity, wherever located, that are allocated under an allocation statement to that person, become liabilities of that person.
S. 102 substituted by No. 53/1994 s. 24.