Commonwealth Consolidated Acts

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MOOMBA-SYDNEY PIPELINE SYSTEM SALE ACT 1994 - SECT 12

Certain assets and liabilities of the Authority and Pacenco to become assets and liabilities of Newco

  (1)   By force of this section, all assets of the Authority or Pacenco specified in Schedule   1 to the asset purchase agreement cease to be assets of the Authority or Pacenco and become assets of Newco on the sale day.

  (2)   By force of this section, all liabilities of the Authority or Pacenco specified in Schedule   2 to the asset purchase agreement cease to be liabilities of the Authority or Pacenco and become liabilities of Newco on the sale day.


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