SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 92AV Requirement to retransfer particular land to same withdrawn council

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

92AV Requirement to retransfer particular land to same withdrawn council

(1) This section applies if—

(a) a withdrawn council owned land or was the trustee of trust land to which an asset is attached; and

(b) under a transfer scheme or transfer notice—

(i) the land or asset was transferred to Allconnex; or

(ii) the withdrawn council was removed as trustee for the trust land and Allconnex was appointed as trustee; and

(c) after the transfer or change in the trusteeship, one of them owns the asset and another owns or is trustee of the land to which it is attached.

(2) The retransfer scheme must provide that the effect of the matters mentioned in subsection (1) is to be reversed and that the withdrawn council will become—

(a) the owner of the asset; and

(b) the owner or trustee of the land.