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Electricity Industry (Residual Provisions) Act 1993
119Property transferred to distribution company
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119 Property transferred to distribution company
(a) all property and rights of ESV, wherever located, that are allocated under an allocation statement to a distribution company or another person, vest in that company or person; and
(b) all liabilities of ESV, wherever located, that are allocated under an allocation statement to a distribution company or another person, become liabilities of that company or person.
S. 120 substituted by No. 53/1994 s. 24.