Victorian Current Acts

GRAIN HANDLING AND STORAGE ACT 1995 - SECT 27

Where, under the State Agreement and section 26, rights and liabilities of GEB under an agreement vest in, or become liabilities of, the Purchaser—

        (a)     the Purchaser becomes, on the completion date, a party to the agreement in place of GEB; and

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