(1)  The Minister, with the agreement of the Minister administering the Government Business Enterprises Act 1995 and after consultation with the Minister administering the Crown Lands Act 1976 , may determine which assets, rights or liabilities of a former board are to be transferred to the Authority.

(2)  A determination under subsection (1)  –

(a) has the effect of transferring any asset, right or liability specified in that determination; and

(b) takes effect on the day on which it is made.