Brand Tasmania Act 2018
SCHEDULE 4 - Transitional and SCHEDULE 4 - Transitional and savings provisions
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SCHEDULE 4 - Transitional and SCHEDULE 4 - Transitional and savings provisions
1. References to former Board
On and after the commencement day, a reference to the former Board in any will, bequest or other document is taken, where appropriate, to include a reference to the Authority.
2. Assets and liabilities
(1) To avoid doubt, any property that was vested in the former Board immediately before the commencement day is taken to be the property of the Authority.
(2) To avoid doubt, any liabilities that the former Board had before the commencement day remain liabilities of the former Board.
3. Accounts
To avoid doubt, any account maintained by the former Board immediately before the commencement day is, on that day, taken to be an account maintained by the Authority and any funds in that account are funds of the Authority.