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Freight Rail Corporation (Sale) Act 2001
20Continuity of contracts and arrangements
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20 Continuity of contracts and arrangements
20 Continuity of contracts and arrangements
(1) Without limiting any other provision of this Act or the regulations, the sale company is, on and after the conversion, entitled to the benefit of, and taken to be a party to, any contract or arrangement entered into by FreightCorp with any person and having force immediately before the conversion.
(2) This section is subject to the operation of Schedule 1 (Transfer of assets, rights and liabilities).