ABORIGINAL AND TORRES STRAIT ISLANDER COMMISSION ACT 1989 No. 150 of 1989 - SECT 206 Transfer of assets and liabilities of old Department

ABORIGINAL AND TORRES STRAIT ISLANDER COMMISSION ACT 1989 No. 150 of 1989 - SECT 206

206. (1) The Minister may, in writing, declare that a specified asset of the
Commonwealth that was, before the commencement, used by the old Department is
to be transferred to the new Commission or to the Corporation.

(2) Where the Minister makes a declaration under subsection (1), the asset
specified in the declaration becomes an asset of the new Commission or of the
Corporation, as provided by the declaration.

(3) The Minister may, in writing, declare that a specified liability of the
Commonwealth incurred before the commencement in connection with the operation
of the old Department is to become a liability of the new Commission or of the
Corporation.

(4) Where the Minister makes a declaration under subsection (3), the liability
specified in the declaration becomes a liability of the new Commission or of
the Corporation, as provided by the declaration.

(5) Liabilities of the Commonwealth that have become liabilities of the new
Commission or of the Corporation because of subsection (4) shall, after the
commencement, be taken to be liabilities incurred by the new Commission, or by
the Corporation, as the case may be, in the performance of its functions and
the exercise of its powers.