Crown Land Management Act 2016

The Public Reserves Management Fund under the Public Reserves Management Fund Act 1987 (the old Fund) is abolished on the repeal day.

Any balance standing to the credit of the old Fund is transferred to the Crown Reserves Improvement Fund under this Act (the new Fund) on the repeal day and may be used for any purpose for which money in the new Fund may be used under this Act.

Any money that was payable into the old Fund immediately before its abolition is to be paid into the new Fund instead of the old Fund.