Transfer of land and other assets, rights and liabilities
35G Transfer of land and other assets, rights and liabilities
The Minister may, by written order, transfer—
the assets, rights and liabilities of a government agency to the Minister as specified in the order, or
the assets, rights and liabilities of the Minister to a government agency as specified in the order.
The Minister must not make the order unless the government agency, not including a government agency the Minister is responsible for, consents to the transfer.
Schedule 2A applies to a transfer of assets, rights or liabilities by order under this section.
In this section—
assets—
means any legal or equitable estate or interest, whether present or future, whether vested or contingent and whether personal or assignable, in real or personal property of any description, and
includes money, securities, choses in action and documents.
government agency means the following—
a Minister, other than the Minister administering this Act,
a Public Service agency within the meaning of the Government Sector Employment Act 2013,
a NSW government agency or statutory corporation,
a State owned corporation.
liabilities means any liabilities, debts or obligations, whether present or future, whether vested or contingent and whether personal or assignable.
rights means any rights, powers, privileges or immunities, whether present or future, whether vested or contingent and whether personal or assignable.
This Act’s bill:Explanatory memorandumSecond reading speech
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