75RVesting of property etc. subject to encumbrances

75R Vesting of property etc. subject to encumbrances (1) Property and rights vested in the successor Secretary, Project Development under this Division are subject to the encumbrances (if any) to which they were subject immediately before so vesting. (2) In respect of liabilities that become liabilities of the successor Secretary, Project Development under this Division, the rights to which the former Secretary, Project Development was entitled in respect of those liabilities immediately before they ceased to be liabilities of that body corporate vest in the successor Secretary, Project Development. S. 75S inserted by No. 30/2020 s. 21.