28
CurrentProperty transferred in accordance with direction
Part 4Property transfer and staff superannuation
Division 3Property transfer by allocation before commencement day
28 Property transferred in accordance with direction
On the relevant date—
(a)
all property and rights of the former Board, wherever located, that are allocated under an allocation statement in accordance with a direction of the Minister under section 27, vest in the State in accordance with the statement; and
(b)
all liabilities of the former Board, wherever located, that are allocated under an allocation statement become liabilities of the State in accordance with the statement.
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.