Horticulture Marketing and Research and Development Services (Repeals and Consequential Provisions) Act 2000
14Simplified outline
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14 Simplified outline
The following is a simplified outline of this Division:
On the transfer day, the assets and liabilities of the 3 statutory authorities vest in the new industry services body.
Special provision is made for the transfer of certain money of the Australian Dried Fruits Board (see section 17).
Transfers are not subject to taxation (see section 19).
Other transitional matters (such as the transfer of records, outstanding money and legal proceedings) are also dealt with.