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SOUTH-EAST QUEENSLAND WATER (DISTRIBUTION AND RETAIL RESTRUCTURING) ACT 2009 - SECT 92BI Allconnex’s other assets and liabilities

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

Allconnex’s other assets and liabilities

92BI Allconnex’s other assets and liabilities

(1) This section provides for who is the successor in law for the following if no retransfer document provides for that succession—
(a) an asset of Allconnex, other than a service charge under section 92BH ;
(b) Allconnex’s liabilities.
(2) If, under a transition document, the asset or liability was transferred from a withdrawn council to Allconnex, that council is the successor.
(3) Otherwise, the withdrawn councils are Allconnex’s proportional joint successor for the asset or liability.
(4) Despite subsections (2) and (3) , the Minister may, by a retransfer notice or retransfer direction, change the successor under the subsections.