South Australian Current Acts South Australian Current Acts (1) The Treasurer may,
by order in writing, fix the conditions on which assets or liabilities are
transferred to BSAL under this Act or a corresponding law.
(2) An order under
this section must be made within the transfer period and may be varied or
revoked by the Treasurer by further order in writing made within that period.
(3) The conditions of
transfer may, for example, do one or more of the following:
(a)
where a transferred asset is trust property each beneficiary of which is SBSA
or an SBSA subsidiary, provide that the property is transferred to BSAL free
of the trust;
(b)
assign a value to particular transferred assets, or transferred assets of a
particular class;
(c)
assign a value to particular transferred liabilities, or transferred
liabilities of a particular class;
(d)
assign a net value to particular transferred assets and liabilities, or
transferred assets and liabilities of particular classes;
(e)
impose on the transferee of assets, or assets and liabilities, a liability (in
terms set out in the order) to the body from which transfer is made reflecting
the value or net value assigned by the Treasurer to the assets, or the assets
and liabilities.