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Biosecurity Act 2014
sch.3-sec.112Stock Diseases Compensation and Stock Improvement Fund
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### sch.3-sec.112 Stock Diseases Compensation and Stock Improvement Fund
This section applies to the Stock Diseases Compensation and Stock Improvement Fund (the compensation fund ) established under the repealed Act, section 8.
On the commencement—
the amounts in the compensation fund become the assets of the State; and
the liabilities mentioned in the repealed Act, section 8(3), become liabilities of the State.
(sch.3-sec.112-ssec.1) This section applies to the Stock Diseases Compensation and Stock Improvement Fund (the compensation fund ) established under the repealed Act, section 8.
(sch.3-sec.112-ssec.2) On the commencement— the amounts in the compensation fund become the assets of the State; and the liabilities mentioned in the repealed Act, section 8(3), become liabilities of the State.
- (a) the amounts in the compensation fund become the assets of the State; and
- (b) the liabilities mentioned in the repealed Act, section 8(3), become liabilities of the State.