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Legislative Assembly for the ACT: 2001 Week 8 Hansard (9 August) . . Page.. 2856 ..
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Clause 37
Page 14, line 3-
Omit "corporation as if the corporation", substitute "authority as if the authority".â
Clause 38
Page 15, line 2-
Omit the clause, substitute the following clause:38â Transfer of assets, rights and liabilities
(1) The Minister may, in writing, declare that assets, rights or liabilities of the Territory vest in the authority.
(2) If an asset, right or liability that is transferred to the authority under this section is mentioned in a contract, agreement or arrangement, the reference to the Territory in the contract, agreement or arrangement is to be read (except in relation to matters that occurred before the vesting) as a reference to the authority.
(3) A declaration under subsection (1) is a disallowable instrument.
Note A disallowable instrument must be notified, and presented to the Legislative Assembly, under the Legislation Act 2001.
(4) Unless a declaration is disallowed by the Legislative Assembly, the declaration commences-
(a) on the day after the last day when it could have been disallowed; or
(b) if the declaration provides for a later date or time of commencement-on that date or time.
â
Clause 39
Subclause (1)
Page 15, line 20-
Omit "corporation", substitute "authority".â
Title
Page 1-
Omit "Corporation ", substitute "Authority ".
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