VICIn ForceAct
Electricity Industry (Residual Provisions) Act 1993
102Allocation of property etc. subject to encumbrances
Start here
Get a plain-English read of 102
Turn the raw legal text into a practical explanation grounded in Electricity Industry (Residual Provisions) Act 1993.
102 Allocation of property etc. subject to encumbrances
a person nominated by the Minister in a direction under section 99—
(c) the property and rights so vested are subject to the encumbrances (if any) to which they were subject immediately before so vesting; and
(d) the rights to which National Electricity was entitled in respect of those liabilities immediately before they ceased to be liabilities of National Electricity vest in the transferee.
S. 103 substituted by No. 53/1994 s. 24.