69Property vested in CEO subject to all charges etc.

69 Property vested in CEO subject to all charges etc. (1) Property vested in the CEO under section 67 or a corresponding previous law of the Territory is liable and subject to all charges, claims and liabilities imposed on or affecting the property by reason of a law as to rates, taxes, charges or another matter or thing, to which the property would have been liable or subject had the property continued in the possession, ownership or occupation of the incorporated association. (2) Subsection (1) does not impose on the CEO a duty, obligation or liability to do, or to permit to be done, an act or thing required by a law referred to in subsection (1) to be done or permitted by the owner or occupier of the property to be done, other than the satisfaction or payment of a charge, claim or liability out of the assets of the incorporated association so far as they are, in the opinion of the CEO, properly available for and applicable to such payment.