Victorian Consolidated Legislation

Museums Act 1983 - SECT 39

Transfer of assets and liabilities

39. Transfer of assets and liabilities



(1) On and from the commencement of section 45 of the Miscellaneous Acts
(Omnibus Amendments) Act 1995-

   (a)  all assets, property and rights in or held by The Exhibition Trustees
        immediately before that commencement vest in the Council;

   (b)  all liabilities of The Exhibition Trustees existing immediately before
        that commencement become liabilities of the Council;

   (c)  the Council is substituted as a party to any agreement, contract,
        lease or other arrangement, and to any proceeding, to which The
        Exhibition Trustees was a party immediately before that commencement;

   (d)  any reference to The Exhibition Trustees in any Act, subordinate
        instrument within the meaning of the
        Interpretation of Legislation Act 1984 or any document whatever is, in
        relation to any period occurring on or after that date of
        commencement, and unless inconsistent with the context or subject
        matter, to be taken to be a reference to the Council.

(2) The operation of subsection (1)(c) does not confer on any party (other
than the Council) to an agreement, contract, lease or other arrangement any
right or benefit not existing before that commencement.

Division 9-Exhibition land