SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 92BB
Discharge of liabilities
SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 92BB
Discharge of liabilities
92BB Discharge of liabilities
(1) When the retransfer scheme takes effect, all of the following that exist
at that time are discharged—
(a) all of Allconnex’s liabilities to a
withdrawn council;
(b) all liabilities from a withdrawn council to Allconnex
other than Gold Coast City Council’s liability to Allconnex under
section 92BY.
(2) To remove any doubt, it is declared that subsection (1)
does not limit or otherwise affect what may or must be provided for under the
retransfer scheme.
Note—
See also division 3 (Miscellaneous provisions for
retransfer documents).