Queensland Subordinate Legislation as Made

GOVERNMENT OWNED CORPORATIONS (PUMPED HYDRO ENERGY STORAGE RESTRUCTURE) REGULATION 2022 - REG 11

11 Correction of errors

(1) At any time within 1 year after the commencement, the shareholding Ministers of Powerlink may—

(a) correct a minor error in a transfer schedule or an exclusion schedule; or

(b) correct the misidentification of an asset, liability, instrument or employee identified in a transfer schedule; or

Example—

correction of the real property description of an asset

(c) correct the misidentification of a liability, or a class of liabilities, identified in an exclusion schedule; or

(d) correct an error in the accounts of Powerlink or the pumped hydro entity relating to the value of—

(i) an asset, liability or instrument identified in a transfer schedule; or

(ii) an associated liability for an asset, instrument or employee identified in a transfer schedule.

(2) The correction or change is taken to have been made immediately before the commencement.

(3) In this section—

"associated liability" , for an asset, instrument or employee identified in a transfer schedule, means a liability to which section 7 (1) applies as result of the asset, instrument or employee being identified in the transfer schedule.