Victorian Consolidated Legislation

Melbourne University (Victorian College of the Arts) Act 2006 - SECT 5

Transfer of assets and liabilities of the College

5. Transfer of assets and liabilities of the College

Subject to this Act, on and from 1 January 2007-

   (a)  the University is the successor in law of the College; and

   (b)  the assets and rights of the College vest in the University; and

   (c)  the liabilities and obligations of the College become liabilities or
        obligations of the University; and

   (d)  any scholarship, prize or bursary of a continuing nature administered
        by the College or its Council and existing immediately before 1
        January 2007 shall be administered by the University, 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 College referred to in section
        7) made or entered into by, on behalf of, or in relation to
        the College or its Council and in force immediately before 1 January
        2007 have effect as if made or entered into by, on behalf of, or in
        relation to, the University; and





   (f)  all actions, claims, arbitrations, applications and other proceedings
        (including proceedings on appeal or review) pending or existing
        immediately before 1 January 2007 by, against, or in relation to
        the College or its Council have effect as if they were proceedings by,
        against, or in relation to the University, and may be continued and
        completed accordingly; and

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

   (h)  unless the contrary intention appears, a reference to the College or
        to the Council of the College is deemed to be a reference to
        the University if the reference-

   (i)  is in an Act, other than this Act, a subordinate instrument within the
        meaning of the Interpretation of Legislation Act 1984, a judgment or
        order or any other document whatsoever; and

   (ii) is in relation to a period occurring on or after 1 January 2007; and

        (i)    all records and documents of the College or its Council become
               the property of the University.