ROYAL BOTANIC GARDENS ACT 1991 - SECT 53 Assets and liabilities to vest in Board

ROYAL BOTANIC GARDENS ACT 1991 - SECT 53

    (1)     On the commencement of this section—

        (a)     the following vest in the Board—

              (i)     the State botanical collection;

              (ii)     all assets of the Crown or the Director-General located at or used solely in connection with the botanic gardens that are not part of the land, or treated as being part of the land, in the botanic gardens;

        (b)     all liabilities or obligations of the Crown or the Director-General in relation to the assets vested in the Board under paragraph (a) become liabilities and obligations of the Board.

    (2)     In relation to the transferred assets and liabilities—

        (a)     the Board is the successor in law of the Crown and the Director-General;

        (b)     a reference in an agreement or a document of any kind to the Crown or the Director-General must, on and from the commencement of this section, be taken to be a reference to the Board;

        (c)     all proceedings of any kind pending or existing by, against or in relation to the Crown or the Director-General have effect as if they were proceedings by, against or in relation to the Board and may be continued and completed accordingly.