WATER INDUSTRY ACT 1994 - SECT 160 Substitution of party to agreement

WATER INDUSTRY ACT 1994 - SECT 160

If, under an allocation statement, the rights and liabilities of Melbourne Water Corporation or a company licensee under an agreement are allocated to a person nominated by the Minister in a direction under section 155—

S. 160(a) amended by No. 65/1995 s. 14(48)(b).

        (a)     the person becomes, on the relevant date, a party to the agreement in place of Melbourne Water Corporation or the company licensee; and

        (b)     on and after the relevant date, the agreement has effect as if the person had always been a party to the agreement.