Document ID: chunk:federal_register_of_legislation:C2023C00417:section:22
Version: federal_register_of_legislation:C2023C00417
Segment Type: section
Provision Reference: s 22
Character Range: 53337–54086

22  Transitional—pre‑acquisition contractual obligations

Scope
 (1) This section applies if:
 (a) at a particular time (the start time), a company other than NBN Co becomes an NBN corporation; and
 (b) immediately before the start time, the company has an obligation (the pre‑existing obligation) under a contract to:
 (i) supply services; or
 (ii) supply goods; or
 (iii) invest money.
For this purpose, it is immaterial whether the obligation is a contingent obligation

Exemption
 (2) Sections 18 to 20 do not apply to:
 (a) a supply of goods; or
 (b) a supply of services; or
 (c) an investment;
to the extent that the supply or investment is in fulfilment of the pre‑existing obligation.

Division 3—Functional separation of NBN corporations