Wheat Export Marketing Amendment Act 2012 (170 of 2012)
Schedule 2 Amendments relating to Wheat Exports Australia
Part 2 Transitional provisions
Division 2 Transfer of assets and liabilities
24 Vesting of assets of WEA
(1) This item applies to the assets of WEA immediately before the commencement time.
(2) At the commencement time, the assets cease to be assets of WEA and become assets of the Commonwealth without any conveyance, transfer or assignment. The Commonwealth becomes the successor in law in relation to the assets.
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