The Electricity Supplier Obligations (Excluded Electricity) (Amendment) Regulations 2024
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
3 Regulation 2 (interpretation)
(1) Regulation 2(1) is amended as follows. (2) After the definition of “force majeure application” insert— “insolvent” in relation to a person means circumstances where— the person is unable to pay their debts as those debts fall due, or the value of the person’s assets is less than the amount of the person’s liabilities, taking into account the person’s contingent and prospective liabilities; .
3 Regulation 2 (interpretation)
(1) Regulation 2(1) is amended as follows. (2) After the definition of “force majeure application” insert— “insolvent” in relation to a person means circumstances where— the person is unable to pay their debts as those debts fall due, or the value of the person’s assets is less than the amount of the person’s liabilities, taking into account the person’s contingent and prospective liabilities; .
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