Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) All veto rights are terminated on the sale day by force of this section.
(2) In this section:
"Authority agreement" means an agreement:
(a) to which the Authority is a party; and
(b) was in operation immediately before the sale day.
"Moomba-Sydney pipeline" means any pipeline transferred to Newco under section 12.
"veto rights" means any rights that a person (the contractor ) has under an Authority agreement that, apart from this section, would have the effect of preventing the transfer of the ownership or control of a Moomba - Sydney pipeline from the Authority or any other person who owns or controls such a pipeline to another person without the consent of the contractor.