Sporting Venues Authorities Act 2008
30ATransfer to Venues NSW of assets, rights and liabilities relating to Stadium Australia
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30A Transfer to Venues NSW of assets, rights and liabilities relating to Stadium Australia
30A Transfer to Venues NSW of assets, rights and liabilities relating to Stadium Australia
(1) The Minister may, by order in writing (a vesting order), transfer assets, rights and liabilities of any of the following persons to Venues NSW—
(a) Stadium Holdings Pty Ltd (ACN 121 891 647),
(b) Stadium Investments Pty Ltd (ACN 121 891 656),
(c) Stadium Australia Management Limited (ACN 069 692 253),
(d) Stadium Australia Operations Pty Ltd (ACN 126 222 099),
(e) SAT trustee.
(2) Clauses 4–7 of Schedule 3 apply in relation to the transfer of assets, rights or liabilities by a vesting order under this section in the same way as those clauses apply in relation to the transfer of assets, rights or liabilities by operation of Part 2 of that Schedule. For that purpose—
(a) a reference in clause 4 to the transferor is to be read as a reference to the person or persons from whom the assets, rights or liabilities are transferred by the vesting order, and
(b) a reference in clause 4 to the transferee is to be read as a reference to Venues NSW.
(3) Without limiting subsection (2), any assets of SAT trustee that are vested in Venues NSW as a consequence of the transfer of those assets by a vesting order under this section are vested free of any equitable estates, interests, rights or obligations that attached to the assets immediately before that transfer.
(4) A vesting order that varies the terms and conditions of any instrument or contract has effect according to its tenor.
(5) In this section—
SAT trustee means Infrastructure Specialist Asset Management Limited (ACN 098 827 671) in its capacity as trustee of the Stadium Australia Trust.
Stadium Australia Trust means the trust established by the deed that was executed on 19 January 1996 by Australia Stadium 2000 Limited (ACN 069 458 279).
pt 4, div 3 (ss 30A, 30B): Ins 2017 No 7, Sch 1 [1].