36Transfer of assets etc

36 Transfer of assets etc

36 Transfer of assets etc

(1) Subject to this Act, on and from the relevant commencement, any assets, rights, liabilities or obligations of a former institution become assets, rights, liabilities or obligations of the corresponding institution.

(2) In this section, a reference to a former institution includes, in relation to the Conservatorium of Music, a reference to:

(a) the Board of Governors of the Conservatorium of Music, and

(b) in relation to the assets, rights, liabilities or obligations of the Crown that relate exclusively to the Conservatorium of Music—the Crown.