Where, under an allocation statement, the rights and liabilities of V/Line Pty Ltd under an agreement are allocated to V/Line Corporation—
(a) V/Line Corporation becomes, on the relevant date, a party to the agreement in place of V/Line Pty Ltd; and
(b) on and after the relevant date, the agreement has effect as if V/Line Corporation had always been a party to the agreement.
S. 282 inserted by No. 3/2017 s. 51.