94Generation Victoria successor of State Body

94 Generation Victoria successor of State Body

(1) On the day on which this Act receives the Royal Assent—

(a) all property and rights of the body known as Generation Victoria established under the State Owned Enterprises (State Body—Generation Victoria) Order 1993 published in the Government Gazette No. S74 dated 7 October 1993 (the State Body) vest in Generation Victoria;

(b) all liabilities of the State Body become liabilities of Generation Victoria;

(c) Generation Victoria becomes the successor in law of the State Body;

(d) the State Body is dissolved.

(2) A person holding office, immediately before the commencement of this section as a director (including chief executive officer, if any) of the state Body referred to in subsection (1) is deemed to have been appointed, on that commencement, as director or chief executive officer of Generation Victoria for a term equivalent to the remainder of the term for which, and on the same terms and conditions as those in which, he or she was appointed to the State Body.

S. 95
repealed by No. 10/1998

S. 96 amended by Nos 53/1994 s. 21(1)(a)–(e)(2), 110/1994 ss 20(1)(a)(b) (2), 33(2), repealed by No. 10/1998

S. 97 amended by Nos 53/1994 s. 21(3)(a)–(c), 110/1994 s. 20(3), repealed by No. 10/1998

Pt 9 (Heading and ss 98–113) substituted as Pt 9 (Headings and ss 98–115A) by
No. 53/1994 s. 24.