2Commencement

2 Commencement

(1) Sections 1, 2, 3, 4, 6 and 7 commence on the day on which this Act receives the Royal Assent. (2) Subject to subsection (3), the remaining provisions of this Act commence on the sale day. (3) If: (a) the Commonwealth and Newco do not enter into an agreement on the sale day for the sale of the Moomba‑Sydney pipeline system by the Commonwealth; or (b) if the agreement is entered into but Newco does not pay the Commonwealth the amount it is required to pay the Commonwealth on the sale day under the agreement; the remaining provisions of this Act are taken never to have commenced.