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CurrentValidation of treatment of certain expenditure by the Authority
Part 5Miscellaneous
62 Validation of treatment of certain expenditure by the Authority
If the Authority has at any time treated expenditure incurred by it under the agreement a copy of which is set out in Schedule 2 to the Snowy Mountains Hydro‑electric Power Act 1949 as being expenditure of a capital nature, or as not being expenditure of a capital nature, the action of the Authority in so treating the expenditure is taken, for all purposes, to have been correct.
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