48
CurrentAbolition of Trustee corporation
48 Abolition of Trustee corporation
(1)
On the repeal day, the following are abolished—
(a)
any trust over the Trust land,
(b)
the Trustee corporation.
(2)
On and from the repeal day, the following provisions apply—
(a)
Moree Plains Shire Council is taken to have been appointed as the Crown land manager of the Trust land,
(b)
the assets, rights and liabilities of the Trustee corporation are transferred to Moree Plains Shire Council.
(3)
Schedule 6 applies to a transfer of any assets, rights or liabilities under this clause.
This Act’s bill:Explanatory memorandumSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.