New South Wales Consolidated Acts

INFRASTRUCTURE IMPLEMENTATION CORPORATION ACT 2005 - SECT 12

12 Transfer of assets, rights and liabilities

(1) If a project authorisation order declares the IIC to be responsible for another public authority’s functions in relation to the carrying out of a major infrastructure project, the order may provide for the transfer to the IIC of such assets, rights and liabilities of the public authority (or classes of such assets, rights and liabilities) as are relevant to the project and are specified in the order.

(2) Schedule 1 applies to a project authorisation order that provides for the transfer of any such assets, rights and liabilities.