Government Owned Corporations (Energy Consolidation) Regulation 2016
sec.9Scheduled assets
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sec.9 Scheduled assets
EEQ’s scheduled assets are transferred to Ergon. EEQ and Ergon must do all things necessary to enable the scheduled assets to be transferred to Ergon. For this section, EEQ and Ergon must treat— the transfer of a scheduled asset to Ergon as a distribution to an owner that is to be considered as a redemption of owner’s equity; and the value of a scheduled asset as being the value of the asset recorded in the accounts of EEQ immediately before this section commences. In this section— Ergon means Ergon Energy Corporation Limited ACN 087 646 062. (sec.9-ssec.1) EEQ’s scheduled assets are transferred to Ergon. (sec.9-ssec.2) EEQ and Ergon must do all things necessary to enable the scheduled assets to be transferred to Ergon. (sec.9-ssec.3) For this section, EEQ and Ergon must treat— the transfer of a scheduled asset to Ergon as a distribution to an owner that is to be considered as a redemption of owner’s equity; and the value of a scheduled asset as being the value of the asset recorded in the accounts of EEQ immediately before this section commences. (sec.9-ssec.4) In this section— Ergon means Ergon Energy Corporation Limited ACN 087 646 062.
- (a) the transfer of a scheduled asset to Ergon as a distribution to an owner that is to be considered as a redemption of owner’s equity; and
- (b) the value of a scheduled asset as being the value of the asset recorded in the accounts of EEQ immediately before this section commences.