Albury-Wodonga Development Corporation (Abolition) Act 2014 (117 of 2014)

Schedule 1   Amendments

Part 3   Transitional provisions

Division 2   Transfer of assets and liabilities

9   Assets

(1) This item applies to the assets of the Corporation immediately before the commencement time.

(2) At the commencement time, the assets cease to be assets of the Corporation and become assets of the Commonwealth without any conveyance, transfer or assignment. The Commonwealth becomes the successor in law in relation to the assets.