New South Wales Consolidated Regulations
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ENERGY SERVICES CORPORATIONS (DISSOLUTION OF ENERGY DISTRIBUTORS) REGULATION 2001 - REG 7
Country Energy may act in own name or in name of Great Southern Energy or Advance Energy
7 Country Energy may act in own name or in name of Great Southern Energy or
Advance Energy
(1) On and from the commencement of this Regulation, Country Energy may act in
its own name as the universal successor of Great Southern Energy or Advance
Energy or (if necessary) may act in the name of Great Southern Energy or
Advance Energy.
(2) Subclause (1) applies for all purposes, including for the
purpose of the rules of private international law.
(3) Without limiting
subclause (1), Country Energy may act in the name of Great Southern Energy or
Advance Energy if it is necessary to do so under the law of any country: (a)
to perfect the transfer of any asset, right or liability of Great Southern
Energy or Advance Energy, or
(b) to take, defend or maintain legal
proceedings in connection with any such asset, right or liability.
(4) For
the purposes of this clause, Country Energy is authorised to use the seals of
Great Southern Energy and Advance Energy.
(5) In this clause,
"asset",
"right" and
"liability" have the same meanings as they have in Schedule 3 to the Act.
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