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
25 Vesting of liabilities of WEA
(1) This item applies to the liabilities of WEA immediately before the commencement time.
(2) At the commencement time, the liabilities cease to be liabilities of WEA and become liabilities of the Commonwealth without any conveyance, transfer or assignment. The Commonwealth becomes the successor in law in relation to the liabilities.
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