Commonwealth Consolidated Acts

MOOMBA-SYDNEY PIPELINE SYSTEM SALE ACT 1994 - SECT 2

             (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.