115DCertificate of chief executive officer

115D Certificate of chief executive officer

(1) A certificate signed by the chief executive officer of the PGC certifying that property, rights or liabilities of the PGC specified in the certificate have been allocated under the allocation statement to a person so specified is, unless revoked under subsection (2), conclusive evidence—

(a) that the property, rights or liabilities have been so allocated; and

(b) that the property, rights or liabilities vested in or became the property, rights or liabilities of the person on the relevant date.

S. 115D(1A) inserted by No. 2/2004 s. 13(2).

(1A) Subsection (1) does not apply to GASCOR or to a former GASCOR subsidiary.

S. 115D(1B) inserted by No. 2/2004 s. 13(2).

(1B) A certificate signed by the relevant person certifying that property, rights or liabilities of GASCOR or of a former GASCOR subsidiary specified in the certificate have been allocated under an allocation statement under this Part to a person so specified is, unless revoked under subsection (2), conclusive evidence—

(a) that the property, rights or liabilities have been so allocated; and

(b) that the property, rights or liabilities vested in or became the property, rights or liabilities of the person on the relevant date.

S. 115D(2) amended by No. 2/2004 s. 13(3).

(2) If the Treasurer and the Minister so direct the chief executive officer of the PGC in writing, the chief executive officer of the PGC must revoke a certificate given under this section by issuing another certificate or certificates in place of the first certificate.

(3) The chief executive officer—

(b) must make the register reasonably available for inspection by an interested person.

S. 115D(4) inserted by No. 2/2004 s. 13(4).

(4) In subsections (2) and (3), a reference to the chief executive officer of the PGC is, in the case of GASCOR or a former GASCOR subsidiary, to be taken to be a reference to the relevant person.

S. 115D(5) inserted by No. 2/2004 s. 13(4).

(5) Nothing in subsection (1A), (1B) or (4) affects the evidentiary value of a certificate issued under subsection (1) before the commencement of the Gas Industry (Residual Provisions) (Amendment) Act 2004, but any such certificate may be revoked under subsection (2).

S. 115D(6) inserted by No. 2/2004 s. 13(4).

(6) The requirement on the relevant person under subsection (3) to keep and make available a register includes the requirement to keep and make available any register kept under this section in respect of GASCOR or a former GASCOR subsidiary before the commencement of the .