CTHRepealedAct
Australian Securities and Investments Commission Act 1989
256Other assets and liabilities of NCSC
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#### 256 Other assets and liabilities of NCSC
(1) At the commencement, the remaining assets and liabilities of the NCSC become assets and liabilities of the Commonwealth.
(2) The Minister may declare in writing that a specified asset or liability covered by subsection (1) does not become an asset or liability of the Commonwealth.
(3) Where the Minister makes a declaration under subsection (2), the asset or liability concerned becomes an asset or liability of the Commission.
(4) Where the Minister makes a declaration under subsection (2) in relation to an asset, any liabilities that are associated with the asset and are specified in the direction become liabilities of the Commission.