Northern Territory Numbered Regulations

GOVERNMENT OWNED CORPORATIONS (POWER CORPORATIONS RESTRUCTURE) REGULATIONS (NO 16 OF 2015) - REG 20

    (1)     On, or as soon as practicable after, 30 June 2015, each GOC must pay to each other GOC the amount required to put all of them into the financial position, with respect to each adjustment item, that they would have been in had 30 June 2015 been 1 July 2014.

    (2)     In this regulation:

"adjustment item "means one of the following:

(a)     a transferred asset;

(b)     a transferred liability;

(c)     a transferred instrument (other than an instrument to which regulation 15 applies).