WATER INDUSTRY ACT 1994 - SECT 157 Property transferred to nominee

WATER INDUSTRY ACT 1994 - SECT 157

On the relevant date—

S. 157(a) amended by No. 65/1995 s. 14(45).

        (a)     all property and rights, wherever located, that are allocated under an allocation statement to a person nominated by the Minister in a direction under section 155, vest in that person; and

S. 157(b) amended by No. 65/1995 s. 14(45).

        (b)     all liabilities, wherever located, that are allocated under an allocation statement to that person, become liabilities of that person.