Telecommunications Services (Ducting and Cables) Act 2018
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Vesting of certain legal interests in Minister | ||
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3. (1) The Minister may by order appoint a day (in this Act referred to as the “vesting day”) for the purposes of this section. | ||
(2) Subject to subsection (4), on the vesting day the legal interests referred to in Schedule 1 that, immediately before the vesting day, were vested in GNI (or any of its predecessors in title) pursuant to the relevant deeds shall, subject to the obligations in Schedule 3 , without any transfer, conveyance or assignment, stand vested in the Minister for the purposes of the performance by the Minister of any of his or her functions for telecommunications purposes. | ||
(3) Save as provided for by subsection (2) and subject to subsection (4), on the vesting day the legal interests referred to in Schedule 2 shall, subject to the obligations in Schedule 3 , without any transfer, conveyance or assignment, stand vested in the Minister for the purposes of the performance by the Minister of any of his or her functions for telecommunications purposes. | ||
(4) Subsection (2) is without prejudice to any other legal interests vested in GNI (or any of its predecessors in title) pursuant to the relevant deeds before the vesting day and which are not vested in the Minister under subsection (2). | ||
(5) Without prejudice to the operation of the relevant deeds before the vesting day, insofar as those deeds provide for certain covenants specified therein that are binding on GNI (or any of its predecessors in title), GNI, on and after the vesting day, shall not be bound by those covenants in so far as they relate to the legal interests vested in the Minister under subsection (2). |