121Certificate of chief executive officer

121 Certificate of chief executive officer

(1) A certificate signed by the chief executive officer of the transferee certifying that property, rights or liabilities of GASCOR specified in the certificate have been vested in or become liabilities of the transferee under section 119 is, unless revoked under subsection (2), conclusive evidence—

(a) that the property, rights or liabilities have been so vested or become liabilities of the transferee; and

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

(2) If the Treasurer and the Minister so direct the chief executive officer of the transferee in writing, the chief executive officer must revoke a certificate given under subsection (1) by issuing another certificate or certificates in place of the first certificate.

(3) The chief executive officer of the transferee—

(b) must make the register reasonably available for inspection by GASCOR or any other interested person.

New s. 122 inserted by No. 51/2002 s. 3.