Transfer of property and liabilities
37 Transfer of property and liabilities
The Minister, by notice published in the Gazette, may transfer one or more of the following, as specified in the notice, to Homes Tasmania:any property and rights, other than Crown land, of the Crown; a liability and obligation of the Crown.
On the day on which a notice under subsection (1) takes effect – each property and right transferred under the notice vests in Homes Tasmania; and each liability and obligation transferred under the notice becomes a liability and obligation of Homes Tasmania.
A notice under subsection (1) – takes effect on the day on which it is published in the Gazette or a later day, if any, that is specified in the notice; and is not a statutory rule for the purposes of the Rules Publication Act 1953.
This Act’s bill:Explanatory notesSecond reading speech
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