Commonwealth Consolidated Acts

TOURISM AUSTRALIA (REPEAL AND TRANSITIONAL PROVISIONS) ACT 2004 - SECT 6

  (1)   This section applies to:

  (a)   the assets of the ATC; and

  (b)   the liabilities of the ATC.

  (2)   On the proclamation day:

  (a)   the assets and liabilities cease to be assets and liabilities of the ATC and become assets and liabilities of Tourism Australia without any conveyance, transfer or assignment; and

  (b)   Tourism Australia becomes the ATC's successor in law in relation to the assets and liabilities immediately after they become assets and liabilities of Tourism Australia.