Western Australian Consolidated Acts

ELECTRICITY CORPORATIONS ACT 2005 - SECT 169

169 .         Unallocated assets and liabilities to be dealt with by Minister

        (1)         This section applies to —

            (a)         any asset or right of Western Power Corporation that under this Division does not vest in; and

            (b)         any liability of Western Power Corporation that under this Division does not become a liability of,

                a new corporation or 2 or more of the new corporations or a subsidiary of a new corporation.

        (2)         This section has effect subject to —

            (a)         any order made under section 151 or 153(2)(a); and

            (b)         regulations made under section 189(1) or (2).

        (3)         An asset or right to which this section applies is to be dealt with —

            (a)         after the commencement day; or

            (b)         where an order under section 163(1) applies, after the day specified in the order,

                as the Minister directs.

        (4)         A liability to which this section applies, so far as it is properly due, is to be discharged —

            (a)         after the commencement day; or

            (b)         where an order under section 163(1) applies, after the day specified in the order,

                in such manner and from such source as the Minister, with the approval of the Treasurer, directs.

        (5)         The Minister has the powers that are necessary or convenient for the purposes of this section.