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Electricity Retained Interest Corporations Act 2015
6Retained interest to be held by Corporations
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6 Retained interest to be held by Corporations
6 Retained interest to be held by Corporations
(1) The part of the retained interest for which a Corporation is constituted is to be held by the Corporation (either directly or through one or more interposed entities) and is the part of the retained interest for which the Corporation is responsible for the purposes of this Act.
(2) A Corporation holds the part of the retained interest for which it is responsible for and on behalf of the State.
Note—
Section 7 of the Transactions Act restricts the transfer of the retained interest.