2
CurrentPurpose
2 Purpose
The purpose of this regulation is to make provision for the following matters under section 161 of the Act—
(a)
to transfer particular assets, liabilities and instruments from Powerlink to a subsidiary of QIC;
(b)
to make a subsidiary of QIC the successor in law in relation to particular assets, liabilities and instruments of Powerlink;
(c)
to ensure Powerlink remains liable for particular proceedings and liabilities;
(d)
to provide for matters incidental to the purposes mentioned in paragraphs (a) to (c).
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