sec.2Purpose

sec.2 Purpose

The purpose of this regulation is to make provision for the following matters under section 161 of the Act — to transfer particular assets, liabilities and instruments from Powerlink to a subsidiary of QIC; to make a subsidiary of QIC the successor in law in relation to particular assets, liabilities and instruments of Powerlink; to ensure Powerlink remains liable for particular proceedings and liabilities; to provide for matters incidental to the purposes mentioned in paragraphs (a) to (c) .

• (a) to transfer particular assets, liabilities and instruments from Powerlink to a subsidiary of QIC;
• (b) to make a subsidiary of QIC the successor in law in relation to particular assets, liabilities and instruments of Powerlink;
• (c) to ensure Powerlink remains liable for particular proceedings and liabilities;
• (d) to provide for matters incidental to the purposes mentioned in paragraphs (a) to (c) .