Victorian Consolidated Legislation

Victorian Plantations Corporation Act 1993 - SECT 28

PART 4 GENERAL

Assets and liabilities-personal property and vested land

28. Assets and liabilities-personal property and vested land



(1) On the Minister's recommendation, the Governor in Council, by Order
published in the Government Gazette, may transfer to the Corporation-

   (a)  any personal property of the Crown or the Secretary that was used in
        connection with vested land immediately before its vesting in the
        Corporation, or in connection with managed land that is Crown land; or

   (b)  any liabilities of the Crown or the Secretary incurred in relation to
        personal property referred to in paragraph (a) and transferred to the
        Corporation, to the extent that those liabilities are capable of being
        transferred; or

   (c)  any liabilities of the Crown or the Secretary incurred in relation to
        vested land, to the extent that those liabilities are capable of being
        transferred.

(2) The Corporation must indemnify the Crown or the Secretary (as the case
requires) in respect of each specified liability.

(3) In subsection (2) specified liability means a liability-

   (a)  incurred by the Crown or the Secretary in relation to-

   (i)  personal property transferred to the Corporation under subsection (1);
        or

   (ii) vested land; and

   (b)  that is not capable of being transferred or has not been transferred
        to the Corporation under this section; and

   (c)  that is specified by the Treasurer after consultation with the
        Minister by notice published in the Government Gazette.