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AUSTRALIAN INDUSTRY DEVELOPMENT CORPORATION ACT 1970 - SECT 29G

Business of Corporation becomes business of receiving subsidiary

             (1)  On the re‑organisation day, the business of the Corporation ceases, by force of this subsection, to be business of the Corporation and becomes business of the receiving subsidiary.

             (2)  Subsection (1) does not apply in relation to the non‑transferring assets and non‑transferring liabilities.



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