Commonwealth Numbered Acts

DAIRY LEGISLATION (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 1986 No. 59 of 1986 - SECT 25

25. (1) The old Promotion Fund shall be taken, with effect from the
commencement of this section, to have been wound-up.

(2) Amounts standing to the credit of the old Promotion Fund immediately
before the day of commencement of this section shall be deemed to have been
credited, on that day, to the new Promotion Fund.

(3) An investment that was held by the Corporation for the purposes of the
old Promotion Fund immediately before the day of commencement of this section
shall be taken to be held by the Corporation, on and after that day, for the
purposes of the new Promotion Fund.

(4) The Corporation shall cause to be taken such steps, if any, as are
necessary to effect the withdrawal of the money referred to in sub-section (2)
from the account or accounts of the old Promotion Fund and the payment of that
money to the account of the new Promotion Fund.