New South Wales Consolidated Acts

LOCAL GOVERNMENT (CITY OF SYDNEY BOUNDARIES) ACT 1967 - SECT 20

20 Functions of Finance Joint Committee

(1) The functions of the Finance Joint Committee shall be:

(a) to determine (by apportionment or otherwise) what assets (including land and interests in land) and rights, and what debts and liabilities of the Council of the City of Sydney, as constituted immediately before the appointed day, are to be transferred or become assets, rights, debts, and liabilities of a transferee council,

(b) to determine whether the expense of meeting payments on account of leave or upon retirement or death of a servant transferred from the service of the Council of the City of Sydney to the service of a transferee council, pursuant to section eighteen of this Act should be apportioned between the Council of the City of Sydney and the council to whose service he is so transferred and, if so, how that apportionment should be made, and

(c) to determine what books, documents, records and papers of the Council of the City of Sydney are to be handed over to each transferee council.

(2) Without limiting the generality of subsection one of this section, where the Finance Joint Committee considers that any asset (including land or an interest in land) or right or any debt or liability should be wholly or partly transferred to a transferee council, the Committee may, instead of determining that the asset or right or the debt or liability be so transferred, determine that a payment shall be made in respect of that asset, right, debt or liability to or by the transferee council by or to the Council of the City of Sydney, as the case may be.

(3) The Finance Joint Committee may make separate determinations, either before or after the appointed day, in respect of all or any of the matters referred to in subsections one and two of this section and shall submit its report and recommendations on any such determination to the Minister.