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transferred from a withdrawn council to Allconnex, that council is the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(3) Otherwise, the withdrawn councils are Allconnex’s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.