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Horticulture Marketing and Research and Development Services (Repeals and Consequential Provisions) Act 2000
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Horticulture Marketing and Research and Development Services (Repeals and Consequential Provisions) Act 2000
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Turn the raw legal text into a practical explanation grounded in Horticulture Marketing and Research and Development Services (Repeals and Consequential Provisions) Act 2000.
(1) The Minister may determine, in writing, that: (a) a particular amount of money of the Australian Dried Fruits Board is the ADF Trust Amount for the purposes of this section; and (b) a particular trust is the Dried Fruits Trust for the purposes of this section. (2) If the Minister has made a determination under subsection (1) before the transfer day, the ADF Trust Amount vests in the trustees on the transfer day and is held on trust by the trustees for the purposes of the Dried Fruits Trust. (3) If the ADF Trust Amount is transferred under subsection (2), it vests in the trustees without any conveyance, transfer or assignment. (4) A copy of the determination is to be published in the Gazette within 14 days after the determination is made. (5) The determination is not invalid merely because it has not been published as required under subsection (4).