Victorian Current Acts

ELECTRICITY INDUSTRY (RESIDUAL PROVISIONS) ACT 1993 - SECT 153TF

If, under an allocation statement, the rights and liabilities of LYP under an agreement are allocated to a person—

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

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

S. 153TG inserted by No. 14/1997 s. 16.