Allocation statement relating to PTC
118A Allocation statement relating to PTC
The relevant PTC allocation statement is taken, and is always to have been taken, to have the same force and effect it would have had the Minister fixed the date of 30 June 1998 under section 39(2) as the relevant date for the purposes of the relevant PTC allocation statement.
In this section—
relevant PTC allocation statement means the allocation statement dated 30 June 1998—
allocating certain property, rights and liabilities of the PTC to RailTrack; and
given to the Minister in accordance with section 40;
the PTC means the former Corporation (within the meaning of the Transport Act 1983).
S. 118B inserted by No. 68/2017 s. 89.
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