Pig Industry Act 2001

any legal or equitable estate or interest in real or personal property, whether actual, contingent or prospective; and

any right, power, privilege or immunity, whether actual, contingent or prospective.

the period that is, immediately before the transfer time, the employee’s period of service for the purposes of the Long Service Leave Act; and

the period during which the employee continues to be an employee of the industry services body.

in relation to the Australian Pork Corporation, means a person who was an officer or employee immediately before the transfer time; and

in relation to the Pig Research and Development Corporation, means a person who was an officer or employee (including the Executive Director) immediately before the transfer time.

an Act or any instrument under an Act; or

any other document.

the Australian Pork Corporation; or

the Pig Research and Development Corporation.

was an employee of a statutory authority immediately before the transfer time; and

becomes an employee of the successor body at the transfer time.

It is a function of each statutory authority to plan, facilitate and participate in:

its abolition under this Act; and

the implementation of this Act.

Each statutory authority also has the function of providing funds to another entity in order to:

meet expenses or liabilities that the entity incurs in participating in processes of the kind mentioned in subsection (1); or

reimburse the entity for such expenses.

The Minister may give a written direction to a statutory authority about the performance of its functions under this section. The statutory authority must comply with the direction.

The Minister must cause a copy of a direction to be laid before each House of the Parliament within 15 sitting days of that House after the direction is given.

In this section:

This section provides for an asset of a statutory authority (the transferor) to become an asset of:

the successor body (the transferee); or

the Commonwealth (the transferee).

The Minister may, in writing, make any or all of the following declarations in relation to the asset:

a declaration that the asset vests in the transferee at the transfer time without any conveyance, transfer or assignment;

a declaration that a specified instrument relating to the asset continues to have effect after the transfer time as if a reference in the instrument to the transferor were a reference to the transferee;

a declaration that the transferee becomes the transferor’s successor in law in relation to the asset immediately after the transfer time.

An asset or instrument may be specified by name, by inclusion in a specified class or in any other way.

The declaration has effect accordingly.

The Minister, on behalf of the Commonwealth, may sell any asset that vests in the Commonwealth under this section.

This section provides for a liability of a statutory authority (the transferor) to become a liability of:

the successor body (the transferee); or

the Commonwealth (the transferee).

The Minister may, in writing, make any or all of the following declarations in relation to the liability:

a declaration that the liability vests in the transferee at the transfer time without any conveyance, transfer or assignment;

a declaration that a specified instrument relating to the liability continues to have effect after the transfer time as if a reference in the instrument to the transferor were a reference to the transferee;

a declaration that the transferee becomes the transferor’s successor in law in relation to the liability immediately after the transfer time.

The declaration has effect accordingly.

For the purposes of this section, a liability or instrument may be specified by name, by inclusion in a specified class or in any other way.

The Consolidated Revenue Fund is appropriated for the purposes of payments by the Commonwealth for, or in connection with, the discharge of any liabilities that become liabilities of the Commonwealth under this section.

The Minister may authorise payments by the Commonwealth to the successor body.

The Consolidated Revenue Fund is appropriated for payments under this section.

The limit on the appropriation is the sum of the following amounts:

the amount of any money that becomes an asset of the Commonwealth under section 15;

the proceeds of sale of any other asset that becomes an asset of the Commonwealth under section 15;

interest, dividends or other amounts derived from money covered by paragraph (a) or (b) or from assets that become assets of the Commonwealth under section 15;