MOOMBA-SYDNEY PIPELINE SYSTEM SALE ACT 1994 No. 70, 1994 - SECT 166 Residual assets and liabilities to become Commonwealth assets and liabilities of the Commonwealth

Commonwealth Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

MOOMBA-SYDNEY PIPELINE SYSTEM SALE ACT 1994 No. 70, 1994 - SECT 166

Residual assets and liabilities to become Commonwealth assets and liabilities of the Commonwealth

166. (1) By force of this section, all the residual assets of the Authority
cease to be assets of the Authority and become assets of the Commonwealth on
the repeal day.

(2) By force of this section, all residual liabilities of the Authority cease
to be liabilities of the Authority and become liabilities of the Commonwealth
on the repeal day.

(3) A residual instrument continues to have effect on and after the repeal day
as if a reference in the instrument to the Authority were a reference to the
Commonwealth.

AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback