QLDIn ForceAct
South-East Queensland Water (Distribution and Retail Restructuring) Act 2009
sec.92BMNovation if only 1 successor
Start here
Get a plain-English read of sec.92BM
Turn the raw legal text into a practical explanation grounded in South-East Queensland Water (Distribution and Retail Restructuring) Act 2009.
### sec.92BM Novation if only 1 successor
This section applies if there is only 1 successor.
The successor—
becomes a party to the agreement instead of Allconnex; and
assumes all of Allconnex’s rights and liabilities—
under the agreement; or
that relate to an Allconnex planning matter.
The agreement may be enforced by the successor as if it were Allconnex.
A right or liability assumed under subsection (2) —
may be discharged only by the discharging of it to the successor; and
may be enforced only by the successor.
s 92BM ins 2012 No. 1 s 23
(sec.92BM-ssec.1) This section applies if there is only 1 successor.
(sec.92BM-ssec.2) The successor— becomes a party to the agreement instead of Allconnex; and assumes all of Allconnex’s rights and liabilities— under the agreement; or that relate to an Allconnex planning matter.
(sec.92BM-ssec.3) The agreement may be enforced by the successor as if it were Allconnex.
(sec.92BM-ssec.4) A right or liability assumed under subsection (2) — may be discharged only by the discharging of it to the successor; and may be enforced only by the successor.
- (a) becomes a party to the agreement instead of Allconnex; and
- (b) assumes all of Allconnex’s rights and liabilities— (i) under the agreement; or (ii) that relate to an Allconnex planning matter.
- (i) under the agreement; or
- (ii) that relate to an Allconnex planning matter.
- (i) under the agreement; or
- (ii) that relate to an Allconnex planning matter.
- (a) may be discharged only by the discharging of it to the successor; and
- (b) may be enforced only by the successor.