Electricity Industry (Residual Provisions) Act 1993
153DProperty transferred to generation company
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153D Property transferred to generation company
(a) all property and rights of GV, wherever located, that are allocated under an allocation statement to a generation company, SEC or another person, or any 2 or more of the generation companies, SEC or other persons, vest in that company, SEC or person or any 2 or more of them; and
(b) all liabilities of GV, wherever located, that are allocated under an allocation statement to a generation company, SEC or another person, or to any 2 or more of the generation companies, SEC or other persons, become liabilities of that company, SEC or person or any 2 or more of them.
S. 153E inserted by No. 110/1994 s. 25.