Dissolution of Agricultural Bank and certain boards, repeals, &c.
49 Dissolution of Agricultural Bank and certain boards, repeals, &c.
In this section,transitional functions means any function, power or right of TDR arising from the transitional and savings provisions specified in Schedule 4.
On the commencement day – the Agricultural Bank of Tasmania and the Board of Management of the Agricultural Bank of Tasmania are dissolved; the Closer Settlement Board and the Rural Reconstruction Board are dissolved; the transitional and savings provisions specified in Schedule 4 have effect; and the Acts specified in Schedule 5 are repealed.
For the purposes of exercising any transitional functions of TDR on or after 1 July 1995, references in Schedule 4 to "the Authority" are taken to be references to TDR.
A person who ceases to hold an appointment by reason of subsection (1) is not entitled to be paid any remuneration or compensation by reason of his ceasing to hold that office.
Except to the extent that a provision of this Act is inconsistent with a provision of section 16 of the Acts Interpretation Act 1931, that section shall apply to, and in relation to, an Act repealed by subsection (1)(d).
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