Agricultural Industry Development Act 1990

On the expiry or revocation of its constituting Order, a Committee must proceed to wind-up its affairs.

The Governor in Council may, by Order published in the Government Gazette, appoint a person to be liquidator for the purposes of the winding-up.

The liquidator has, and may exercise and perform, such of the powers and functions of the Committee as may be necessary for the purposes of the winding-up.

An Order under subsection (2) may contain such provisions of a savings or transitional nature as the Governor in Council thinks appropriate in consequence of the appointment.

The reasonable costs and expenses (including remuneration) of the liquidator are payable from the funds of the Committee.

The members of the Committee may not exercise any powers or perform any functions as members while a person holds office as liquidator of the Committee.

If satisfied that the affairs of the Committee are wound-up, the Governor in Council may, by Order published in the Government Gazette, dissolve the Committee.

On the publication of an Order under subsection (7), all money and other assets of the Committee—

shall become the property of bodies or organisations representing producers of the relevant commodity (including bodies or organisations that represent the interests of producers in a participating jurisdiction) in such proportions as the Order specifies; and

shall be dealt with and disposed of as the Minister may direct.

An Order under this section takes effect on publication or on a later date specified in the Order.