Local Government (Armidale and Inverell—Alteration of Boundaries) Proclamation 2019
8Transfer of assets, rights and liabilities
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8 Transfer of assets, rights and liabilities
8 Transfer of assets, rights and liabilities
(1) The fixed assets and any associated rights and liabilities of Armidale Regional Council that are located on land that will become part of the Inverell area as a result of the boundary alterations effected by this Proclamation are transferred to Inverell Council.
(2) Any specified assets, rights and liabilities of Armidale Regional Council that are agreed between Armidale Regional Council and Inverell Council to be transferred to Inverell Council are transferred in accordance with that agreement.
(3) A transfer under this clause (or as determined by the Minister under clause 6) is taken to have effect on and from the alteration day.