Queensland Consolidated Regulations

GOVERNMENT OWNED CORPORATIONS (GENERATOR RESTRUCTURE--CLEANCO) REGULATION 2019 - REG 9

9 Successor in law and new liability

(1) The recipient entity of an asset, liability or instrument transferred under this part is the successor in law of Stanwell in relation to the asset, liability or instrument.

(2) However, nothing in subsection (1) imposes a liability on the recipient entity to the extent that—

(a) the liability has not been transferred to the recipient entity under section 6 ; or

(b) Stanwell is liable for the liability under section 10 .

(3) The recipient entity is liable for a liability, relating to an asset, liability or instrument transferred under this part, that arises on or after the transfer.

Note—

However, see section 10 .