Victorian Consolidated Legislation

Council of Law Reporting in Victoria Act 1967 - SECT 4

Vesting of property in Council

4. Vesting of property in Council



(1) On the commencement of this Act all property vested in any person or
persons in the name or on behalf of the existing Council shall be deemed to be
transferred to and vested in the Council without the necessity of any
assignment transfer or other assurance but subject to all liabilities charges
obligations or trusts affecting that property and all contracts debts
liabilities and obligations of the members of the existing Council or any of
them in their capacity as such members shall become contracts debts
liabilities and obligations of the Council.

(2) All members and former members of the existing Council are hereby declared
to be released and discharged from all liability and responsibility whatsoever
in respect of any property contract debt liability or obligation hereby
transferred to or imposed on the Council.

(3) No stamp duty under the Stamps Act 1958 shall be payable in respect of the
transfer to the Council of any property in accordance with this section.