Northern Territory Consolidated Regulations

GOVERNMENT OWNED CORPORATIONS (POWER AND WATER CORPORATION ELECTRICITY BUSINESSES RESTRUCTURE) REGULATIONS 2014 - REG 11

    (1)     On and after 1 July 2014, a right in relation to a transferred asset that would, but for this regulation, have been available to or against P&WCorp:

        (a)     is not available to or against P&WCorp; and

        (b)     is available instead to or against GenCorp in the same way as it would, but for this regulation, have been available to or against P&WCorp.

    (2)     Subregulation (1) does not apply in relation to either of the following:

        (a)     if a right in relation to an asset is specified in the Generation Business Register as a right to which this paragraph applies – that right, to the extent specified in the Generation Business Register;

        (b)     a right that is the subject of proceedings to which regulation 28, 29 or 30 applies.