South Australian Current Acts South Australian Current Acts24—Dissolution of the Authority
(1) The Governor may,
by proclamation—
(a)
dissolve the Authority; and
(b) vest
any of its remaining assets and liabilities in an authority or person
nominated in the same or a later proclamation.
(2) Assets and
liabilities remaining after dissolution of the Authority, and disposition of
its assets and liabilities under subsection (1), vest in the Crown.
(3) After dissolution
of the Authority, any statutory powers that might have been exercised by the
Authority if it had continued in existence, are exercisable by the Minister.