Victorian Current Acts

ELECTRICITY INDUSTRY (RESIDUAL PROVISIONS) ACT 1993 - SECT 122

If, under an allocation statement, the rights and liabilities of ESV under an agreement are allocated to a distribution company or another person—

        (a)     the company or person becomes, on the relevant date, a party to the agreement in place of ESV; and

        (b)     on and after the relevant date, the agreement has effect as if the company or person had always been a party to the agreement.

S. 123
inserted by No. 53/1994 s. 24.