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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(a) all of Allconnex’s liabilities to a withdrawn council;
(b) all liabilities from a withdrawn council to Allconnex other than Gold Coast City Council’s liability to Allconnex under section 92BY .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).