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TELSTRA CORPORATION ACT 1991 - SECT 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.
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