Victorian Current Acts

ELECTRICITY INDUSTRY (RESIDUAL PROVISIONS) ACT 1993 - SECT 142

If, under an allocation statement, the rights and liabilities of a municipal council under an agreement are allocated to a distribution company—

        (a)     the company becomes, on the relevant date, a party to the agreement in place of the municipal council; and

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

S. 143
inserted by No. 53/1994 s. 24.