Transfer of assets, rights and liabilities
200 Transfer of assets, rights and liabilities
In this section —
assets does not include moneys standing to the credit of an account established under section 64 for a health service provider.
On the day on which a health service provider is abolished by order under section 196(a), each asset, right and liability of the health service provider is transferred —
if a section 194 transfer order applies to the asset, right or liability — to the State, the Ministerial Body or the health service provider as specified in the section 194 transfer order; and
otherwise — to the Ministerial Body.
On the day on which 2 or more health service providers are amalgamated by order under section 196(b) —
each health service provider amalgamated by the order is abolished; and
the assets, rights and liabilities of each amalgamating health service provider are transferred to the new health service provider.
On the day on which 2 or more health service providers are merged by order under section 196(c) —
each health service provider specified in the order as a health service provider to be abolished is abolished; and
the assets, rights and liabilities of each of those health service providers are transferred to the health service provider that is specified in the order as the health service provider that is to continue.
On the day on which a health service provider is divided by order under section 196(d), each asset, right and liability of the health service provider is transferred —
if a section 194 transfer order applies to the asset, right or liability — to the State, the Ministerial Body or the health service provider as specified in the section 194 transfer order; and
otherwise — to the Ministerial Body.
[Section 200 amended: No. 1 of 2023 s. 72.]
This Act’s bill:Explanatory memorandumSecond reading speech
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