28Assets and liabilities—personal property and vested land

28 Assets and liabilities—personal property and vested land s. 28 (1) On the Minister's recommendation, the Governor in Council, by Order published in the Government Gazette, may transfer to the Corporation— S. 28(1)(a) amended by No. 76/1998 (a) any personal property of the Crown or the Secretary that was used in connection with vested land immediately before its vesting in the Corporation, or in connection with managed land that is Crown land; or S. 28(1)(b) amended by No. 76/1998 (b) any liabilities of the Crown or the Secretary incurred in relation to personal property referred to in paragraph (a) and transferred to the Corporation, to the extent that those liabilities are capable of being transferred; or S. 28(1)(c) amended by No. 76/1998 (c) any liabilities of the Crown or the Secretary incurred in relation to vested land, to the extent that those liabilities are capable of being transferred. S. 28(2) amended by No. 76/1998 (2) The Corporation must indemnify the Crown or the Secretary (as the case requires) in respect of each specified liability. (3) In subsection (2) ***specified liability*** means a liability— S. 28(3)(a) amended by No. 76/1998 (a) incurred by the Crown or the Secretary in relation to— (i) personal property transferred to the Corporation under subsection (1); or (ii) vested land; and (b) that is not capable of being transferred or has not been transferred to the Corporation under this section; and (c) that is specified by the Treasurer after consultation with the Minister by notice published in the Government Gazette.