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Electricity Industry (Residual Provisions) Act 1993
153GSubstitution of party to agreement
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153G Substitution of party to agreement
If, under an allocation statement, the rights and liabilities of GV under an agreement are allocated to a generation company, SEC or another person—
(a) the company, SEC or person becomes, on the relevant date, a party to the agreement in place of GV; and
(b) on and after the relevant date, the agreement has effect as if the company, SEC or person had always been a party to the agreement.
S. 153H inserted by No. 110/1994 s. 25.