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MOOMBA-SYDNEY PIPELINE SYSTEM SALE ACT 1994 No. 70, 1994 - SECT 27
Ending of certain rights that restrict the transfer of the Moomba-Sydney pipeline system
27. (1) All veto rights are terminated on the sale day by force of this
section.
(2) In this section:
"Authority agreement" means an agreement:
(a) to which the Authority is a party; and
(b) was in operation immediately before the sale day;
"Moomba-Sydney pipeline" means any pipeline transferred to Newco under
section 12;
"veto rights" means any rights that a person ("the contractor") has under an
Authority agreement that, apart from this section, would have the effect of
preventing the transfer of the ownership or control of a Moomba-Sydney
pipeline from the Authority or any other person who owns or controls such a
pipeline to another person without the consent of the contractor.
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