Northern Territory Consolidated Regulations

GOVERNMENT OWNED CORPORATIONS (POWER AND WATER CORPORATION ELECTRICITY BUSINESSES RESTRUCTURE) REGULATIONS 2014 - REG 14

    (1)     If a value is ascribed to a transferred liability in the Generation Business Register, the value of the liability as at 1 July 2014 is that value.

    (2)     If the Generation Business Register provides for the manner in which a transferred liability is to be dealt with in P&WCorp's or GenCorp's accounts, P&WCorp or GenCorp must deal with the liability in its accounts in that manner.