Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Sections 1, 2, 3, 4, 6 and 7 commence on the day on which this Act receives the Royal Assent.
(2) Subject to subsection (3), the remaining provisions of this Act commence on the sale day.
(3) If:
(a) the Commonwealth and Newco do not enter into an agreement on the sale day for the sale of the Moomba - Sydney pipeline system by the Commonwealth; or
(b) if the agreement is entered into but Newco does not pay the Commonwealth the amount it is required to pay the Commonwealth on the sale day under the agreement;
the remaining provisions of this Act are taken never to have commenced.