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s 30

Ministerial orders

In force
Schedule 1Repeals and transitional provisions
Part 18Saving and transitional provisions
Division 2Transfer of assets and liabilities

30 Ministerial orders

(1)

The

Minister may, by instrument in writing (an allocation order), transfer—

(a)

specified assets or liabilities of a prescribed body to the National Agency or the Minister;

(b)

specified classes of assets or liabilities of a prescribed body to the

National Agency or the Minister;

(c)

all assets and liabilities of a prescribed body, other than specified classes of assets or liabilities, to the National Agency or the

Minister;

(d)

all assets and liabilities of a prescribed body, or all remaining assets or liabilities of a prescribed body, to the National Agency or the

Minister.

(2)

The

Minister may, by further instrument in writing (an allocation order), transfer any asset or liability acquired or assumed by the Minister under subclause (1) to another person or body.

(3)

However, the Minister must not transfer an asset or liability under subclause (2) to a person or body who or that is not an agency or instrumentality of the Crown without the consent or concurrence of that person or body.

(4)

An allocation order takes effect from a date (which may be earlier than the date of the order) specified in the order.

(5)

The

Minister may make an allocation order in relation to assets or liabilities situated outside South Australia.

(6)

An allocation order may be made on conditions specified in the order.

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