TRANSPORT INTEGRATION ACT 2010 - SECT 276 Property, rights and liabilities allocated in accordance with statement
TRANSPORT INTEGRATION ACT 2010 - SECT 276
Property, rights and liabilities allocated in accordance with statementOn the relevant date—
(a) all property and rights of V/Line Pty Ltd, wherever located, that are allocated under an allocation statement, vest in V/Line Corporation in accordance with the statement;
(b) all liabilities of V/Line Pty Ltd, wherever located, that are allocated under an allocation statement, become liabilities of V/Line Corporation in accordance with the statement.
S. 277 inserted by No. 3/2017 s. 51.