Commonwealth Numbered Acts

AUSTRALIAN NATIONAL RAILWAYS ACT 1975 No. 26 of 1975 - SECT 29

29. Notwithstanding section 62A of the Audit Act 1901-1973-

   (a)  any Trust Accounts established under that Act for the purposes of the
        Commonwealth Railways Commissioner that were in existence immediately
        before the commencement of this Act, including the Trust Accounts
        referred to in section 55 and 56 of the Principal Act, shall be
        closed;

   (b)  all moneys that, at that time, stood to the credit of those accounts
        and any plant or stores in respect of which, at that time, there had
        been a debit but no credit to the Trust Account re- ferred to in
        section 55 of the Principal Act are deemed, for the purposes of
        section 16A of the Principal Act as amended by this Act, to have been,
        at that time, vested in the Commonwealth Railways Commissioner; and

   (c)  any liabilities of those accounts are deemed, for the purposes of
        section 27 of this Act, to have been, at that time, liabilities of the
        Commonwealth Railways Commissioner.