Victorian Current Acts

GRAIN HANDLING AND STORAGE ACT 1995 - SECT 33

Where, in accordance with the Direction, rights and liabilities of GEB under an agreement vest in, or become liabilities of the Subsidiary—

        (a)     the Subsidiary becomes, when the rights so vest or the liabilities become liabilities of the Subsidiary, a party to the agreement in place of GEB; and

        (b)     on and after that time, the agreement has effect as if the Subsidiary had always been a party to the agreement.