49Dissolution of Agricultural Bank and certain boards, repeals, &c.

### 49 Dissolution of Agricultural Bank and certain boards, repeals, &c. > > (1AA)  *\[Section 49 Subsection (1AA) inserted by No. 76 of 1995, s. 24 \]*In this section, > > > > > ***transitional functions*** means any function, power or right of TDR arising from the transitional and savings provisions specified in [Schedule 4](#JS4@EN) . > > > (1)  On the commencement day – > > > > > > (a) the Agricultural Bank of Tasmania and the Board of Management of the Agricultural Bank of Tasmania are dissolved; > > > > > > > (b) the Closer Settlement Board and the Rural Reconstruction Board are dissolved; > > > > > > > (c) the transitional and savings provisions specified in [Schedule 4](#JS4@EN) have effect; and > > > > > > > (d) the Acts specified in [Schedule 5](#JS5@EN) are repealed. > > > (1A)  *\[Section 49 Subsection (1A) inserted by No. 76 of 1995, s. 24 \]*For the purposes of exercising any transitional functions of TDR on or after 1 July 1995, references in [Schedule 4](#JS4@EN) to "the Authority" are taken to be references to TDR. > > > (2)  A person who ceases to hold an appointment by reason of [subsection (1)](#GS49@Gs1@EN) is not entitled to be paid any remuneration or compensation by reason of his ceasing to hold that office. > > > (3)  Except to the extent that a provision of this Act is inconsistent with a provision of [section 16 of the](/view/html/inforce/2026-04-12/act-1931-059#GS16@EN) [Acts Interpretation Act 1931](/view/html/inforce/2026-04-12/act-1931-059) , that section shall apply to, and in relation to, an Act repealed by [subsection (1)](#GS49@Gs1@EN) [(d)](#GS49@Gs1@Hpd@EN) .