Property transferred in accordance with direction—Victorian Regional Channels Authority

In force

On the relevant date—

(a)

all property and rights of the Port of Melbourne Corporation, wherever located, that are allocated under an allocation statement, vest in the Victorian Regional Channels Authority in accordance with the statement;

(b)

all liabilities of the Port of Melbourne Corporation, wherever located, that are allocated under an allocation statement, become liabilities of the Victorian Regional Channels Authority in accordance with the statement.

S. 227 inserted by No. 38/2011 s. 21.

This Act’s bill:Explanatory memorandum Second reading speech

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226 Property transferred in accordance with direction—Victorian Regional Channels Authority