Local Government (City of Parramatta and Cumberland) Proclamation 2016
36Transfer of assets, rights and liabilities
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36 Transfer of assets, rights and liabilities
36 Transfer of assets, rights and liabilities
(1) The fixed assets and any associated rights and liabilities of a former council that are located in the area of a new council are transferred to the new council.
(2) The other assets, rights and liabilities of the former councils (other than any altered councils), that are determined by agreement between the new councils, are transferred to the new councils, in accordance with that agreement.
(3) Any specified assets, rights and liabilities of a former council that is an altered council that are agreed between the altered council and a new council to be transferred to the new council are transferred in accordance with that agreement.
(4) A transfer under subclause (2) or (3) (or as determined by the Minister under clause 5) is taken to have effect on and from the amalgamation day.