300VMIA Minister may direct transfer of property, rights and liabilities

300 VMIA Minister may direct transfer of property, rights and liabilities (1) The VMIA Minister may direct the VMIA to transfer to the Authority in accordance with the direction— (a) specified property, rights and liabilities; or (b) a specified class of property, rights or liabilities— acquired, accrued or incurred by the VMIA before a specified date other than excluded property, rights and liabilities. (2) A direction under subsection (1) must— (b) specify the period within which the VMIA must comply with the direction. (3) For the purposes of subsection (1), the VMIA Minister may direct the VMIA to do any of the following— (a) prepare a statement relating to the property, rights and liabilities of the VMIA to which the direction relates, as at a date specified by the VMIA Minister; (b) include in the statement specified information about the property, rights and liabilities; (c) allocate the property, rights and liabilities of the VMIA described in the statement in accordance with the direction; (d) do any specified thing required to give effect to the statement. (4) The VMIA must comply with a direction under this section within the period specified in the direction. (5) A statement must be signed by the chief executive officer of the VMIA. (6) The VMIA Minister must not give a direction under subsection (1) after 30 September 2026. ***excluded property, rights and liabilities*** means property and rights that vest in the Authority, or liabilities that become liabilities of the Authority, under Division 2. S. 301 inserted by No. 17/2025 s. 10.