Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The receiving subsidiary shall, in relation to each non‑transferring liability (other than a non‑reimbursable liability):
(a) reimburse the Corporation for any amount paid under the liability on or after the re‑organisation day; and
(b) indemnify the Corporation against all expenses and costs incurred in relation to the liability on or after that day.
(2) Subsection (1) has effect subject to any agreement between the receiving subsidiary and the Corporation.
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