Victorian Consolidated Legislation

Melbourne University (VCAH) Act 1997 - SECT 4

Transfer of assets and liabilities of the Company

4. Transfer of assets and liabilities of the Company

Subject to this Act, on and from 1 July 1997-

   (a)  The University of Melbourne is the successor in law of the Company;
        and

   (b)  the assets and rights of the Company vest in The University of
        Melbourne; and

   (c)  the liabilities and obligations of the Company become liabilities or
        obligations of The University of Melbourne; and

   (d)  any scholarship, prize or bursary of a continuing nature administered
        by the Company and existing immediately before 1 July 1997 shall be
        administered by The University of Melbourne, but otherwise in
        accordance with the terms and conditions to which it was subject
        immediately before that date; and

   (e)  all contracts, deeds, bonds, agreements, arrangements, guarantees and
        other instruments (except contracts, agreements or arrangements
        relating to the members of staff of the Company referred to in section
        6) made or entered into by, on behalf of, or in relation to the
        Company and in force immediately before 1 July 1997 have effect as if
        made or entered into by, on behalf of, or in relation to, The
        University of Melbourne; and

   (f)  all actions, claims, arbitrations, applications and other proceedings
        (including proceedings on appeal or review) pending or existing
        immediately before 1 July 1997 by, against, or in relation to the
        Company have effect as if they were proceedings by, against, or in
        relation to The University of Melbourne, and may be continued and
        completed accordingly; and

   (g)  any permit, licence or authority issued or granted to the Company by
        or under any Act continues to operate, despite anything in this Act,
        in favour of The University of Melbourne in the same way and to the
        same extent as it operated in favour of the Company; and

   (h)  a reference in any Act (other than this Act) or a subordinate
        instrument within the meaning of the
        Interpretation of Legislation Act 1984 to the Company must, on and
        after 1 July 1997, be construed as a reference to The University of
        Melbourne unless the context otherwise requires;

        (i)    all records and documents of the Company become the property of
               The University of Melbourne.