sec.24Scheduled debt instruments

sec.24 Scheduled debt instruments

Each scheduled debt instrument of the State applies to EQL instead of the State. Without limiting subsection (1) — any right, title, interest or liability arising under or relating to a scheduled debt instrument is taken to be transferred from the State to EQL; and a scheduled debt instrument, including a benefit or right provided by a scheduled debt instrument, given to, by or in favour of the State is taken to have been given to, by or in favour of EQL; and EQL is taken to be a party to a scheduled debt instrument instead of the State; and a reference to an energy company or the State in a scheduled debt instrument is taken to be a reference to EQL; and a reference to the shareholding Ministers of an energy company in a scheduled debt instrument is taken to be a reference to the shareholding Ministers of EQL; and a scheduled debt instrument under which an amount is, or may become, payable to or by an energy company or the State is taken to be an instrument under which the amount is, or may become, payable to or by EQL in the way the amount was, or might have become, payable to or by the energy company or the State. (sec.24-ssec.1) Each scheduled debt instrument of the State applies to EQL instead of the State. (sec.24-ssec.2) Without limiting subsection (1) — any right, title, interest or liability arising under or relating to a scheduled debt instrument is taken to be transferred from the State to EQL; and a scheduled debt instrument, including a benefit or right provided by a scheduled debt instrument, given to, by or in favour of the State is taken to have been given to, by or in favour of EQL; and EQL is taken to be a party to a scheduled debt instrument instead of the State; and a reference to an energy company or the State in a scheduled debt instrument is taken to be a reference to EQL; and a reference to the shareholding Ministers of an energy company in a scheduled debt instrument is taken to be a reference to the shareholding Ministers of EQL; and a scheduled debt instrument under which an amount is, or may become, payable to or by an energy company or the State is taken to be an instrument under which the amount is, or may become, payable to or by EQL in the way the amount was, or might have become, payable to or by the energy company or the State.

• (a) any right, title, interest or liability arising under or relating to a scheduled debt instrument is taken to be transferred from the State to EQL; and
• (b) a scheduled debt instrument, including a benefit or right provided by a scheduled debt instrument, given to, by or in favour of the State is taken to have been given to, by or in favour of EQL; and
• (c) EQL is taken to be a party to a scheduled debt instrument instead of the State; and
• (d) a reference to an energy company or the State in a scheduled debt instrument is taken to be a reference to EQL; and