Queensland Consolidated Regulations

GOVERNMENT OWNED CORPORATIONS (GENERATOR RESTRUCTURE--CLEANCO) REGULATION 2019 - REG 2

2 Purpose

The purpose of this regulation is to make provision for the following matters under the Act , section 161 —

(a) to transfer particular assets, liabilities, instruments and employees of Stanwell to CleanCo or a wholly-owned subsidiary of CleanCo;

(b) to make CleanCo, or a wholly-owned subsidiary of CleanCo, successor in law in relation to particular assets, liabilities and instruments of Stanwell;

(c) to ensure Stanwell remains liable for particular proceedings and liabilities;

(d) to transfer particular assets, liabilities, instruments and employees of CS Energy to CleanCo or a wholly-owned subsidiary of CleanCo;

(e) to make CleanCo, or a wholly-owned subsidiary of CleanCo, successor in law in relation to particular assets, liabilities and instruments of CS Energy;

(f) to ensure CS Energy remains liable for particular proceedings and liabilities;

(g) to provide for matters incidental to the purposes mentioned in paragraphs (a) to (f) .