Transfer of assets, rights and liabilities
89 Transfer of assets, rights and liabilities
If the Minister makes an order under section 87(1), the Minister may, after consulting with the New South Wales Aboriginal Land Council, by order in writing, direct that all or part of the assets, rights and liabilities be transferred to an Aboriginal Land Council specified in the order.
An order under this section may be subject to specified terms and conditions.
More than one order may be made in respect of the same assets, rights and liabilities following the making of an order referred to in subsection (1).
Schedule 3A has effect with respect to the transfer of assets, rights and liabilities under this section.
Words and expressions used in this section have the same meanings as they have in Schedule 3A.
Despite any other provision of this section, lands vested in a Local Aboriginal Land Council under Part 4A of the NPW Act vest in accordance with that Part.
Note.
Part 4A of the NPW Act deals with lands reserved or dedicated under that Act that are vested in an Aboriginal Land Council or Councils and are leased by that Council or Councils to the Minister administering that Act.
An order under this section must, if the Aboriginal Land Council from which the assets, rights or liabilities are to be transferred under this section is a deductible gift recipient, provide for the transfer of the assets, rights or liabilities to an Aboriginal Land Council that is also a deductible gift recipient.
In this section, an Aboriginal Land Council is a deductible gift recipient if the Council is endorsed as a deductible gift recipient under the Income Tax Assessment Act 1997 of the Commonwealth.
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