South Australian Current Acts

ELECTRICITY CORPORATIONS (RESTRUCTURING AND DISPOSAL) ACT 1999 - SECT 10

10—Conditions of transfer order

        (1)         The Minister may, by order in writing, fix the conditions on which a transfer order operates.

        (2)         An order under this section may be varied or revoked by the Minister by further order (but not in relation to a company that has ceased to be a State-owned company).

        (3)         The conditions attaching to a transfer order may, for example, do one or more of the following:

            (a)         assign a value to particular transferred assets, or transferred assets of a particular class;

            (b)         assign a value to particular transferred liabilities, or transferred liabilities of a particular class;

            (c)         assign a net value to particular transferred assets and liabilities, or transferred assets and liabilities of particular classes;

            (d)         impose liabilities (in terms set out in the order) on the transferee reflecting the value or net value assigned by the Minister to transferred assets, or transferred assets and liabilities.