South Australian Current Acts

ELECTRICITY CORPORATIONS (RESTRUCTURING AND DISPOSAL) ACT 1999 - SECT 16

16—Special orders

        (1)         The Minister may, by order in writing (a "special order"), transfer assets or liabilities (or both) of the purchaser under a sale/lease agreement to another body or bodies.

        (2)         A special order may only be made at the request of the purchaser made within 12 months of the date of the sale/lease agreement and with the consent of the other body or bodies.

        (3)         Only one special order may be made at the request of the same purchaser.

        (4)         In exercising powers under this section in relation to assets or liabilities of the purchaser, the Minister is to be taken to be acting as the agent of the purchaser.

        (5)         A special order takes effect on the date of the order or on a later date specified in the order.

        (6)         A special order effects the transfer and vesting of an asset or liability in accordance with its terms by force of this Act and despite the provisions of any other law or instrument.

        (7)         A special order may provide that instruments identified in the order, or to be identified as provided in the order, are to be transferred instruments.

        (8)         If an instrument is identified in, or under, a special order as a transferred instrument, the instrument operates, as from a date specified in the order, subject to any modifications specified in the order.