19Dissolution of Ministerial Corporation

19 Dissolution of Ministerial Corporation

19 Dissolution of Ministerial Corporation

(1) The Ministerial Corporation is dissolved.

(2) Except as provided by subsection (3), the assets, rights and liabilities of the Ministerial Corporation immediately before its dissolution become, on that dissolution, the assets, rights and liabilities of the Crown.

(3) Any land, or interest in land, vested in the Ministerial Corporation immediately before its dissolution is transferred to Government Property NSW. Part 4 of the Government Property NSW Act 2006 applies to the transfer of any land or interest in the same way as if the land or interest was transferred to Government Property NSW under that Act and the date of commencement of this section were the transfer date.