CTHIn ForceAct
Moomba-Sydney Pipeline System Sale Act 1994
22Commonwealth liable to pay an amount to the Authority equal to Authority’s debts to the Commonwealth and set‑off of debts
Start here
Get a plain-English read of 22
Turn the raw legal text into a practical explanation grounded in Moomba-Sydney Pipeline System Sale Act 1994.
#### 22 Commonwealth liable to pay an amount to the Authority equal to Authority’s debts to the Commonwealth and set‑off of debts
(1) On the sale day the Commonwealth becomes liable to pay to the Authority an amount equal to the Authority’s debt to the Commonwealth on that day.
(2) The amount payable under subsection (1) is to be set‑off against the Authority’s debt to the Commonwealth.
(3) The Consolidated Revenue Fund is appropriated for payments under this section.