Victorian Current Acts

ELECTRICITY INDUSTRY (RESIDUAL PROVISIONS) ACT 1993 - SECT 139

On the relevant date—

        (a)     all property and rights of a municipal council, wherever located, that are allocated under an allocation statement to a distribution company, vest in that company; and

        (b)     all liabilities of a municipal council, wherever located, that are allocated under an allocation statement to a distribution company, become liabilities of that company.

S. 140
inserted by No. 53/1994 s. 24.