Tanzania
Tanzania Posts and Telecommunications (Vesting of Assets and Liabilities) Act
Determination of Allocation of Assets and Liabilities Notice, 1995
Government Notice 194 of 1995
- Published in Tanzania Government Gazette
- Commenced on 31 December 1993
- [This is the version of this document at 31 July 2002.]
- [Note: This legislation has been thoroughly revised and consolidated under the supervision of the Attorney General's Office, in compliance with the Laws Revision Act No. 7 of 1994, the Revised Laws and Annual Revision Act (Chapter 356 (R.L.)), and the Interpretation of Laws and General Clauses Act No. 30 of 1972. This version is up-to-date as at 31st July 2002.]
1. Citation
This Notice may be cited as the Determination of Allocation of Assets and Liabilities Notice.2. Interpretation
In this Notice, unless the context otherwise requires—"Bank" means the Tanzania Postal Bank established by the Tanzania Postal Bank Act1."Book" means the Report of the Committee on the Distribution of Assets and Liabilities of the Former Tanzania Posts and Telecommunications Corporation issued in December, 1994;"Commission" means the Tanzania Communications Commission;"Committee" means the Transition Management Committee;"Company" means the Tanzania Telecommunications Company Limited;"Corporation" means the Tanzania Posts Corporation;"effective date" means the first day of January, 1994;"entity" means the Commission, the Company or the Corporation;"former corporation" means the Tanzania Posts and Telecommunications Corporation.3. Vesting of assets
Notice is hereby given that, subject to the provisions of the Tanzania Posts and Telecommunications (Vesting of Assets and Liabilities) Act2, and other provisions of this Notice, all the assets and liabilities of the former Corporation shall, with effect from the effective date be and be deemed to have been vested in the Bank, the Commission, the Company, or the Corporation, as the case may be, in accordance with the allocation determined by this Notice.4. Vesting of liabilities
Where an asset is allocated and vested in an entity, the liabilities arising from or connected to that asset shall, except where it is expressly provided otherwise, also be transferred from the former Corporation and vest in the entity concerned.5. Technical equipment under foreign loans or grants
6. Allocations to the Corporation
7. Allocation to the Company
8. Allocations to the Commission
The various equipment and motor vehicles described in the Fourth Schedule to this Notice, and more particularly set out in Appendix VIII of the Book, which were immediately before the effective date owned by the former corporation and used for frequency monitoring are hereby allocated to the Commission.9. Allocation of undeveloped plots
The undeveloped plots located in various areas of the United Republic and described in columns 1, 2 and 3 of the Fifth Schedule to this Notice which were immediately before the effective date in the possession of the former corporation are hereby allocated to the entity whose acronym is specified in column 4 of the Fifth Schedule.10. Personnel who were employed by the former corporation
11. Provisions regarding the pension fund and pension
12. Vesting of monies and stocks
History of this document
31 July 2002 this version
Consolidation
31 December 1993
Commenced