Commonwealth Consolidated Acts

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MOOMBA-SYDNEY PIPELINE SYSTEM SALE ACT 1994 - SECT 19

Commonwealth - guaranteed debts of the Authority become debts of the Commonwealth

  (1)   By force of this section, all Commonwealth - guaranteed debts of the Authority cease to be obligations of the Authority and become obligations of the Commonwealth on the sale day.

  (2)   The Treasurer may authorise the payment of money to discharge the Commonwealth - guaranteed debts that become obligations of the Commonwealth, whether by ending those obligations or otherwise.

  (3)   The Consolidated Revenue Fund is appropriated for payments under this section.



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