Northern Territory Consolidated Regulations

GOVERNMENT OWNED CORPORATIONS (POWER AND WATER CORPORATION ELECTRICITY BUSINESSES RESTRUCTURE) REGULATIONS 2014 - REG 23

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

        (a)     to the extent that the instrument applies to P&WCorp – continues to be available to or against P&WCorp; and

        (b)     to the extent that, on 1 July 2014, the instrument ceased to apply to P&WCorp – is not available to or against P&WCorp; and

        (c)     to the extent that the instrument applies to GenCorp – is available to or against GenCorp.

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

        (a)     if a right in relation to an instrument 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.