SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 92AR Requirement to make scheme

SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 92AR

92AR Requirement to make scheme

(1) Before 30 April 2012 Allconnex and all of the withdrawn councils (the
"parties" ) must enter into an agreement (the
"retransfer scheme" ) that—

(a) subject to this chapter—

(i) transfers at the end of 30 June 2012 all of Allconnex’s assets, employees (other than its chief executive officer), instruments and liabilities to the withdrawn councils; and

(ii) does everything else of an incidental, consequential or supplemental nature the parties consider necessary for the following—

(A) the transfers mentioned in subparagraph (i) ;

(B) financial, staffing and other arrangements for Allconnex to perform its functions pending its dissolution;

(C) Allconnex’s dissolution; and

(b) complies with this division.

(2) The matters mentioned in subsection (1) are the
"retransfer" .

(3) The retransfer must, as nearly as practicable, retransfer to each withdrawn council the assets, employees, instruments and liabilities that the council transferred to Allconnex under chapter 3 .

(4) However, subsection (3) does not apply if the parties unanimously otherwise agree.