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MOOMBA-SYDNEY PIPELINE SYSTEM SALE ACT 1994 No. 70, 1994 - SECT 12
Certain assets and liabilities of the Authority and Pacenco to become assets and liabilities of Newco
12. (1) By force of this section, all assets of the Authority or Pacenco
specified in Schedule 1 to the asset purchase agreement cease to be assets of
the Authority or Pacenco and become assets of Newco on the sale day.
(2) By force of this section, all liabilities of the Authority or Pacenco
specified in Schedule 2 to the asset purchase agreement cease to be
liabilities of the Authority or Pacenco and become liabilities of Newco on the
sale day.
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