VICIn ForceAct
Great Ocean Road and Environs Protection Act 2020
70Transfer of assets and liabilities to the Authority
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70 Transfer of assets and liabilities to the Authority
On the commencement day—
(a) all assets held by an old body immediately before the commencement day vest in the Authority; and
(b) all liabilities of an old body immediately before the commencement day become liabilities of the Authority.
S. 70A inserted by No. 42/2021 s. 19.