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Telstra Corporation Act 1991
11Vesting of property, rights and liabilities
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#### 11 Vesting of property, rights and liabilities
On the succession day:
(a) all property and rights of Telecom and OTC, wherever located, vest in Telstra; and
(b) all liabilities of Telecom and OTC, wherever located, become liabilities of Telstra; and
(c) Telstra becomes the successor in law of Telecom and OTC.