VICIn ForceAct
Electricity Industry (Residual Provisions) Act 1993
153EAllocation of property etc. subject to encumbrances
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153E Allocation of property etc. subject to encumbrances
a generation company, SEC or other person or any 2 or more of the generation companies, SEC and other persons—
(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 GV was entitled in respect of those liabilities immediately before they ceased to be liabilities of GV vest in the generation company, SEC or other person or any 2 or more of them.
S. 153F inserted by No. 110/1994 s. 25.