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Queensland Building and Construction Commission Act 1991
sch.1-sec.40Agreements, assets, liabilities and rights
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### sch.1-sec.40 Agreements, assets, liabilities and rights
On the transfer day—
the former authority’s assets, liabilities and rights vest in the commission; and
the commission is substituted for the former authority in all agreements to which the former authority is a party.
In this section—
agreement includes leases, undertakings and contractual arrangements.
sch 1 s 40 ins 2013 No. 38 s 10
(sch.1-sec.40-ssec.1) On the transfer day— the former authority’s assets, liabilities and rights vest in the commission; and the commission is substituted for the former authority in all agreements to which the former authority is a party.
(sch.1-sec.40-ssec.2) In this section— agreement includes leases, undertakings and contractual arrangements.
- (a) the former authority’s assets, liabilities and rights vest in the commission; and
- (b) the commission is substituted for the former authority in all agreements to which the former authority is a party.