Aboriginal and Torres Strait Islander Communities (Justice, Land and Other Matters) Regulation 2008
sec.11Assets and liabilities of ICC
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sec.11 Assets and liabilities of ICC
Subject to section 14 , each asset or liability of ICC becomes the asset or liability of TSIRC on the dissolution day. Section 14 provides for the transfer of a proportion of unexpended grant moneys from TSIRC to NPARC. The registrar of titles or other person responsible for keeping a register for dealings in assets must, if asked by TSIRC in the appropriate form, record the transfer or the vesting of any asset under this section in TSIRC. (sec.11-ssec.1) Subject to section 14 , each asset or liability of ICC becomes the asset or liability of TSIRC on the dissolution day. Section 14 provides for the transfer of a proportion of unexpended grant moneys from TSIRC to NPARC. (sec.11-ssec.2) The registrar of titles or other person responsible for keeping a register for dealings in assets must, if asked by TSIRC in the appropriate form, record the transfer or the vesting of any asset under this section in TSIRC.