Petroleum Authority of Brunei Darussalam Act · 2021 Revised Edition · Part · Transfer of Government Petroleum
41. Existing contracts and permissions relating to Government
Official textFrom Attorney General's Chambers, unchanged
Subject to section 38(5), all deeds, schemes, bonds, agreements.
instruments and working arrangements subsisting immediately before the appointed day to which the Government is a party and relating to the portion of the property, assets. interests, rights, privileges, liabilities and obligations transferred to the Authority under section 38 shall continue in full force and effect on and after the appointed day and shall be enforceable by or against the Authority as if the Authority had been named therein or had been a party thereto instead of the Government.
Any permission, notice, warrant, consent, approval, certificate, direction, order, declaration or other document prepared, made, granted or issued, and any act or thing done or given by the Government relating to the portion of the property, assets. interests, rights, privileges, liabilities and obligations transferred to the Authority under section 38 is, so far as it is not inconsistent with the provisions of this Act and except as otherwise expressly provided in this Act or in any other written law, deemed to have been prepared, made, granted, issued, done or given by the Authority and shall continue to have effect accordingly.
property
"property" means property, assets, and rights of every description (whether present or future. and, actual or contingent) wheresoever situated, including, without limitation. land. buildings, facilities, equipment, documents (incl-uding accounting records), interests, benefits, privileges and powers of every description;
Terms defined in s 2
Authority
Defined · s 2"Authority" means the Petroleum Authority of Brunei Darussalam established by section 3;
existing
Defined · s 2"existing" means - (a) in relation to any property or liability of the Company, existing, outstanding or in force immediately before the appointed day: (b) in relation to any property or liability of the Government, existing, outstanding or in force immediately before the appointed day;
liabilities
Defined · s 2"liabilities" includes debts, duties and obligations of every description wEresoever arising (whetherpresent or TutuEand-actual or contingent);
property
Defined · s 2"property" means property, assets, and rights of every description (whether present or future. and, actual or contingent) wheresoever situated, including, without limitation. land. buildings, facilities, equipment, documents (incl-uding accounting records), interests, benefits, privileges and powers of every description;
Part