17
CurrentForfeited Crown lands securities
Schedule 3Savings, transitional and other provisions
Part 4Provisions relating to the State Bank
17 Forfeited Crown lands securities
Land vested in the State Bank pursuant to section 66 of the State Bank Act 1981 immediately before the commencement of this clause as a result of a mortgage, charge or lien arising out of the exercise of the Bank’s functions under Division 2, 3 or 5 of Part 4 of that Act, shall be taken to be vested in the Authority and the Authority shall, in respect of any such land, have the powers of the Bank under that section and section 67 of that Act.
This Act’s bill:Explanatory memorandum
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