Obligation for existing QIDC liabilities
70 Obligation for existing QIDC liabilities
This section applies only to matters done or not done by QIDC under the QIDC Act before the Metway amalgamation day.
If QIDC becomes liable to pay an amount because of something done or not done for a matter mentioned in subsection (1), the State has the same obligation for payment of the amount as it would have had under the QIDC Act if this Act had not been enacted.
This section does not apply to a liability of an SFI transferred to QIDC under repealed part 4 or 5 except to the extent QIDC becomes liable to pay an amount because of something done, or not done, by it under the QIDC Act after the transfer but before the Metway amalgamation day.
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