TASIn ForceAct
Tasmanian Early Years Foundation (Winding-up) Act 2016
5Transfer of assets and liabilities
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5 Transfer of assets and liabilities
(1) On the commencement day –
(a) the assets of the Foundation vest in the Crown; and
(b) the liabilities of the Foundation become the liabilities of the Crown.
(2) State tax is not payable in respect of any document prepared, or transfer or transaction done, to give effect to subsection (1) .