HOUSING ACT 2003 - SECT 119
Commission’s assets and liabilities
HOUSING ACT 2003 - SECT 119
Commission’s assets and liabilities
119 Commission’s assets and liabilities
(1) On the commencement day, the commission’s assets and liabilities
immediately before the commencement day become the State’s assets and
liabilities.
(2) The registrar of titles or other person responsible for
keeping a register for dealings in property must acknowledge the vesting under
this section without a requirement to record the change in the owner, and any
dealing in the assets and liabilities on or after the commencement day may be
signed by the chief executive.
(3) Subsection (2) applies even though a
relevant document of title is not produced to the registrar of titles or other
person.