Norfolk Island Legislation Amendment Act 2015 (59 of 2015)

Schedule 1   Interim arrangements etc.

Part 2   Transitional provisions

Division 3   Transfer of assets and liabilities

187   Vesting of liabilities of Executive Council or Legislative Assembly

(1) This item applies to a liability of the Executive Council or Legislative Assembly immediately before the interim transition time.

(2) At the interim transition time:

(a) the liability ceases to be a liability of the Executive Council or Legislative Assembly, as the case may be, and becomes a liability of the Administration without any conveyance, transfer or assignment; and

(b) the Administration becomes the successor in law in relation to the liability.