Commonwealth Consolidated Acts

COCKATOO AND SCHNAPPER ISLANDS ACT 1949 - SECT 5

(1)

All right, title and interest of the Australian Commonwealth Shipping Board in and to Cockatoo Island and Schnapper Island are, by force of this Act, transferred to and vested in the Commonwealth.

(2)

All rights, property, assets, obligations and liabilities of the Australian Commonwealth Shipping Board (including all right, title and interest of that Board in and to all improvements, buildings, structures, erections, dockyards, machinery, tools, plant, craft, furniture and fittings on Cockatoo Island or Schnapper Island) shall, by force of this Act, be vested in or imposed on the Commonwealth, and, in any contract, agreement or other instrument to which the Australian Commonwealth Shipping Board is a party, any reference to that Board shall be read as a reference to the Commonwealth.