Energy Services Corporations (Dissolution of Energy Distributors) Regulation 2001
2 Energy Services Corporations (Dissolution of Energy Distributors) Regulation 2001
Essential Energy may act in own name or in name of Great Southern Energy or Advance Energy On and from 5 July 2001, Essential Energy may act in its own name as the universal successor of Great Southern Energy or Advance Energy or (if necessary) may act in the name of Great Southern Energy or Advance Energy.
Subclause (1) applies for all purposes, including for the purpose of the rules of private international law.
Without limiting subclause (1), Essential Energy may act in the name of Great Southern Energy or Advance Energy if it is necessary to do so under the law of any country:
to perfect the transfer of any asset, right or liability of Great Southern Energy or Advance Energy, or
to take, defend or maintain legal proceedings in connection with any such asset, right or liability.
For the purposes of this clause, Essential Energy is authorised to use the seals of Great Southern Energy and Advance Energy.
References to Great Southern Energy and Advance Energy On and from 5 July 2001, a reference in any Act or instrument to Great Southern Energy or Advance Energy extends to Essential Energy.
In this clause, asset, right and liability have the same meanings as they have in Schedule 3.
Transferred provisions to which Interpretation Act 1987 applies Subclauses (1)–(6) re-enact (with minor modifications) clauses 7 and 8 of the Energy Services Corporations (Dissolution of Energy Distributors) Regulation 2001 and are transferred provisions to which section 30A of the Interpretation Act 1987 applies.
This Act’s bill:Explanatory memorandumSecond reading speech
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