Government Owned Corporations (Energy Consolidation) Regulation 2016
sec.15Shares
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sec.15 Shares
Each energy company’s shares are transferred to EQL. Each energy company and EQL must do all things necessary to enable the shares to be transferred to EQL. For this section, each energy company and EQL must treat— the transfer of the shares to EQL as a contribution by owners that is to be considered as an increase in contributed equity; and the value of the shares as being the value of the shares recorded in the accounts of the State immediately before this section commences. (sec.15-ssec.1) Each energy company’s shares are transferred to EQL. (sec.15-ssec.2) Each energy company and EQL must do all things necessary to enable the shares to be transferred to EQL. (sec.15-ssec.3) For this section, each energy company and EQL must treat— the transfer of the shares to EQL as a contribution by owners that is to be considered as an increase in contributed equity; and the value of the shares as being the value of the shares recorded in the accounts of the State immediately before this section commences.
- (a) the transfer of the shares to EQL as a contribution by owners that is to be considered as an increase in contributed equity; and
- (b) the value of the shares as being the value of the shares recorded in the accounts of the State immediately before this section commences.