LAND (REVOCATION OF RESERVATIONS AND OTHER MATTERS) ACT 2009 - SECT 12 Dissolution of Yarra Bend Park Trust

LAND (REVOCATION OF RESERVATIONS AND OTHER MATTERS) ACT 2009 - SECT 12

    On the commencement of this Part—

        (a)     the Trust is dissolved and the persons appointed or holding office as trustees go out of office;

        (b)     the Park, as vested in the Trust by section 7B(1) of the Kew and Heidelberg Lands Act 1933 as in force immediately before its repeal, is divested from the Trust;

        (c)     all rights, property and assets that, immediately before that commencement, were vested in the Trust are vested, by virtue of this section, in the State;

        (d)     all debts, liabilities and obligations of the Trust existing immediately before that commencement become debts, liabilities and obligations of the State;

        (e)     the State is substituted as a party to any proceeding pending in any court or tribunal to which the Trust was a party immediately before that commencement;

        (f)     any regulations made under section 13 of the Crown Land (Reserves) Act 1978 that applied to the Park immediately before that commencement are revoked in so far as they apply to the Park.