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Local Government (Savings and Transitional) Act 1993
9Funds
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9 Funds
(1) Any sinking fund or trust fund under a repealed Act and in existence immediately before the proclaimed day continues, on that day, to exist.
(2) Any person holding the office of commissioner of a sinking fund or trustee of a fund under a repealed Act immediately before the proclaimed day continues, on that day, to hold that office.