sec.92AUAccounting for assets and liabilities

### sec.92AU Accounting for assets and liabilities The retransfer scheme must do the following— include a process to account for the following— Allconnex’s unrealised assets and liabilities; Allconnex’s liabilities to the withdrawn councils; the withdrawn councils’ liabilities to Allconnex; transfer Allconnex’s assets in a way that includes the process and the operation of this chapter, including, for example, section 92BH ; provide for all of Allconnex’s unrealised assets to be transferred to 1 or more of the withdrawn councils. See also part 4 , division 2 (Default provisions). In this section— unrealised includes— for an asset—the right to the benefit of, or to a benefit under, any of the following— a matter mentioned in section 77H ; a relevant action under section 77I (3) , definition relevant action ; an Allconnex infrastructure funding matter; service charges under section 92BH ; and for a liability—a liability that Allconnex may have that has not been, or the amount of which has not been, ascertained, or that is contingent. a liability the existence or amount of which depends on the outcome of a proceeding s 92AU ins 2012 No. 1 s 23 (sec.92AU-ssec.1) The retransfer scheme must do the following— include a process to account for the following— Allconnex’s unrealised assets and liabilities; Allconnex’s liabilities to the withdrawn councils; the withdrawn councils’ liabilities to Allconnex; transfer Allconnex’s assets in a way that includes the process and the operation of this chapter, including, for example, section 92BH ; provide for all of Allconnex’s unrealised assets to be transferred to 1 or more of the withdrawn councils. See also part 4 , division 2 (Default provisions). (sec.92AU-ssec.2) In this section— unrealised includes— for an asset—the right to the benefit of, or to a benefit under, any of the following— a matter mentioned in section 77H ; a relevant action under section 77I (3) , definition relevant action ; an Allconnex infrastructure funding matter; service charges under section 92BH ; and for a liability—a liability that Allconnex may have that has not been, or the amount of which has not been, ascertained, or that is contingent. a liability the existence or amount of which depends on the outcome of a proceeding - (a) include a process to account for the following— (i) Allconnex’s unrealised assets and liabilities; (ii) Allconnex’s liabilities to the withdrawn councils; (iii) the withdrawn councils’ liabilities to Allconnex; - (i) Allconnex’s unrealised assets and liabilities; - (ii) Allconnex’s liabilities to the withdrawn councils; - (iii) the withdrawn councils’ liabilities to Allconnex; - (b) transfer Allconnex’s assets in a way that includes the process and the operation of this chapter, including, for example, section 92BH ; - (c) provide for all of Allconnex’s unrealised assets to be transferred to 1 or more of the withdrawn councils. - (i) Allconnex’s unrealised assets and liabilities; - (ii) Allconnex’s liabilities to the withdrawn councils; - (iii) the withdrawn councils’ liabilities to Allconnex; - (a) for an asset—the right to the benefit of, or to a benefit under, any of the following— (i) a matter mentioned in section 77H ; (ii) a relevant action under section 77I (3) , definition relevant action ; (iii) an Allconnex infrastructure funding matter; (iv) service charges under section 92BH ; and - (i) a matter mentioned in section 77H ; - (ii) a relevant action under section 77I (3) , definition relevant action ; - (iii) an Allconnex infrastructure funding matter; - (iv) service charges under section 92BH ; and - (b) for a liability—a liability that Allconnex may have that has not been, or the amount of which has not been, ascertained, or that is contingent. Example of a contingent liability— a liability the existence or amount of which depends on the outcome of a proceeding - (i) a matter mentioned in section 77H ; - (ii) a relevant action under section 77I (3) , definition relevant action ; - (iii) an Allconnex infrastructure funding matter; - (iv) service charges under section 92BH ; and