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.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
