Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Sections 1, 2, 3, 4, 6 and 7 commence on the day on which this Act receives the Royal Assent.
(2) Subject to subsection ( 3), the remaining provisions of this Act commence on the sale day.
(a) the Commonwealth and Newco do not enter into an agreement on the sale day for the sale of the Moomba - Sydney pipeline system by the Commonwealth; or
(b) if the agreement is entered into but Newco does not pay the Commonwealth the amount it is required to pay the Commonwealth on the sale day under the agreement;
the remaining provisions of this Act are taken never to have commenced.