Commonwealth Consolidated Acts

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COMMONWEALTH FUNCTIONS (STATUTES REVIEW) ACT 1981 - SECT 214

Transfer of rights, liabilities etc.

    On the commencing day:

  (a)   any rights, property or moneys that immediately before that day were vested in the Institute are, by force of this section, vested in the Commonwealth; and

  (b)   the Commonwealth becomes, by force of this section, liable to pay or discharge any debts, liabilities or obligations of the Institute that existed immediately before that day.


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