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AUSTRALIAN AND OVERSEAS TELECOMMUNICATIONS CORPORATION ACT 1991 No. 79 of 1991 - SECT 11
Vesting of property, rights and liabilities
11. On the succession day:
(a) all property and rights of Telecom and OTC, wherever located, vest in
AOTC; and
(b) all liabilities of Telecom and OTC, wherever located, become
liabilities of AOTC; and
(c) AOTC becomes the successor in law of Telecom and OTC.
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