Families, Community Services and Indigenous Affairs and Other Legislation (2006 Budget and Other Measures) Act 2006 (82 of 2006)

Schedule 8   Australian Institute of Family Studies

Part 2   Transitional provisions

Division 2   Assets, liabilities and legal proceedings

14   Vesting of liabilities of old Institute

(1) This item applies to the liabilities of the old Institute immediately before the commencement time.

(2) At the commencement time, the liabilities to which this item applies cease to be liabilities of the old Institute and become liabilities of the Commonwealth without any conveyance, transfer or assignment. The Commonwealth becomes the successor in law in relation to these liabilities.