8Transfer of assets and liabilities

8 Transfer of assets and liabilities

(1)  In this section –

State tax means any of the following imposed by an Act or law of this State:

(a) a fee;

(b) a tax or duty;

(c) a charge;

Trust property means the following property:

(a) the land situated at 77 Box Hill Road, Claremont in Tasmania, comprised in Volume 71050, Folios 1 and 2 of the Register kept under section 33 of the Land Titles Act 1980 ;

(b) the land situated at 20-24 Arunta Crescent, Chigwell in Tasmania, comprised in Volume 86621, Folio 1 of the Register kept under section 33 of the Land Titles Act 1980 ;

(c) the land situated at 20 Cadbury Road, Claremont in Tasmania, comprised in Volume 86522, Folios 2 and 3 of the Register kept under section 33 of the Land Titles Act 1980 ;

(d) the land situated at 99 Allunga Road, Chigwell in Tasmania, as identified by the property identification number 5296787 contained in the Land Information System Tasmania administered by the department responsible for the administration of the Land Titles Act 1980 ;

(e) any other property held by, or on behalf of, a Trustee or Trust Governor in his or her capacity as Trustee or Trust Governor;

(f) any other property held by, or on behalf of or for the purposes of, the Trust.

(2)  On the commencement day –

(a) the Trust property vests in the Association for the purposes of the Association; and

(b) the liabilities of the Trusts, including liabilities of the Trusts in respect of the Trust property, become the liabilities of the Association.

(3)  State tax is not payable in respect of any document prepared, or transfer or transaction done, to give effect to .