sec.271Transfer of management of a port

### sec.271 Transfer of management of a port A regulation may transfer the management of a port from a port authority, the State or a local government (the transferor ) to a port authority, the State or a local government (the transferee ). A regulation may also transfer to the transferee, or to a port authority, the State or a local government, assets and liabilities of the transferor. A legal proceeding by or against the transferor about the port, or transferred assets or liabilities, that is unfinished when the relevant regulation commences may be continued and finished by or against— the transferee; or if the assets or liabilities concerned are transferred to a person mentioned in subsection (2) who is not the transferee—the person. Subsections (2) and (3) do not apply if— the transferor and transferee are both GOC Act entities; and the assets and liabilities of the transferor are transferred, under the Government Owned Corporations Act 1993 , to the transferee. s 271 ins 1994 No. 32 s 5 amd 2005 No. 49 s 8 ; 2007 No. 10 s 62 sch (sec.271-ssec.1) A regulation may transfer the management of a port from a port authority, the State or a local government (the transferor ) to a port authority, the State or a local government (the transferee ). (sec.271-ssec.2) A regulation may also transfer to the transferee, or to a port authority, the State or a local government, assets and liabilities of the transferor. (sec.271-ssec.3) A legal proceeding by or against the transferor about the port, or transferred assets or liabilities, that is unfinished when the relevant regulation commences may be continued and finished by or against— the transferee; or if the assets or liabilities concerned are transferred to a person mentioned in subsection (2) who is not the transferee—the person. (sec.271-ssec.4) Subsections (2) and (3) do not apply if— the transferor and transferee are both GOC Act entities; and the assets and liabilities of the transferor are transferred, under the Government Owned Corporations Act 1993 , to the transferee. - (a) the transferee; or - (b) if the assets or liabilities concerned are transferred to a person mentioned in subsection (2) who is not the transferee—the person. - (a) the transferor and transferee are both GOC Act entities; and - (b) the assets and liabilities of the transferor are transferred, under the Government Owned Corporations Act 1993 , to the transferee.