Victorian Consolidated Legislation

Project Development and Construction Management Act 1994 - SECT 67

Allocation of property etc. subject to encumbrances

67. Allocation of property etc. subject to encumbrances

Unless an allocation statement otherwise provides, if, under this Part,
property and rights vest in the Secretary to the Department of State and
Regional Development or liabilities become liabilities of the Secretary to the
Department of State and Regional Development-

   (a)  the property and rights so vested are subject to the encumbrances (if
        any) to which they were subject immediately before so vesting; and

   (b)  the rights to which the Secretary to the Department of Infrastructure
        was entitled in respect of those liabilities immediately before they
        ceased to be liabilities of that Secretary vest in the Secretary to
        the Department of State and Regional Development.