157
In forceProperty transferred to nominee
157 Property transferred to nominee
On the relevant date—
S. 157(a) amended by No. 65/1995 s. 14(45).
(a)
all property and rights, wherever located, that are allocated under an allocation statement to a person nominated by the Minister in a direction under section 155, vest in that person; and
S. 157(b) amended by No. 65/1995 s. 14(45).
(b)
all liabilities, wherever located, that are allocated under an allocation statement to that person, become liabilities of that person.
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