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Rail Management Act 1996
73Allocation of assets subject to encumbrances
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73 Allocation of assets subject to encumbrances
Unless an allocation statement under section 71 otherwise provides, where, under this Division relevant assets vest in a transferee under section 72, the relevant assets so vested are subject to the encumbrances (if any) to which they were subject immediately before so vesting.
S. 74 (Heading)
inserted by No. 61/2011 s. 25(Sch. 1 item 8.38(a)), amended by Nos 3/2017 s. 50(Sch. 1 item 6.20), 49/2019 s. 186(Sch. 4 item 35.41).
S. 74