sec.11Correction of errors

sec.11 Correction of errors

At any time within 1 year after the transfer day for a transfer schedule, the shareholding Ministers of Powerlink and the shareholding Ministers of QIC may jointly— correct a minor error in the transfer schedule or a related exclusion schedule; or correct the misidentification of an asset, liability or instrument identified in the transfer schedule; or correction of the real property description of an asset correct the misidentification of a liability, or class of liabilities, identified in a related exclusion schedule; or correct an error in the accounts of Powerlink or a recipient entity relating to the value of— an asset, liability or instrument identified in the transfer schedule; or an associated liability for an asset or instrument identified in the transfer schedule. The correction is taken to have been made immediately before the transfer day. In this section— related exclusion schedule , in relation to a transfer schedule, means an exclusion schedule that wholly or partly excludes either or both of the following from transfer under this regulation— a liability identified in the transfer schedule; an associated liability for an asset or instrument identified in the transfer schedule. (sec.11-ssec.1) At any time within 1 year after the transfer day for a transfer schedule, the shareholding Ministers of Powerlink and the shareholding Ministers of QIC may jointly— correct a minor error in the transfer schedule or a related exclusion schedule; or correct the misidentification of an asset, liability or instrument identified in the transfer schedule; or correction of the real property description of an asset correct the misidentification of a liability, or class of liabilities, identified in a related exclusion schedule; or correct an error in the accounts of Powerlink or a recipient entity relating to the value of— an asset, liability or instrument identified in the transfer schedule; or an associated liability for an asset or instrument identified in the transfer schedule. (sec.11-ssec.2) The correction is taken to have been made immediately before the transfer day. (sec.11-ssec.3) In this section— related exclusion schedule , in relation to a transfer schedule, means an exclusion schedule that wholly or partly excludes either or both of the following from transfer under this regulation— a liability identified in the transfer schedule; an associated liability for an asset or instrument identified in the transfer schedule.

• (a) correct a minor error in the transfer schedule or a related exclusion schedule; or
• (b) correct the misidentification of an asset, liability or instrument identified in the transfer schedule; or Example— correction of the real property description of an asset
• (c) correct the misidentification of a liability, or class of liabilities, identified in a related exclusion schedule; or