(1)  The Treasurer may, by notice published in the Gazette , order the transfer to a specified transferee of such of a specified transferor's –

(a) assets, rights and liabilities; and

(b) employees –

as are specified in the order.

(2)  The assets, rights and liabilities and the employees specified in the order referred to in subsection (1) need not constitute all of the assets, rights or liabilities or all of the employees of the transferor.

(3)  A transfer order takes effect on the day specified in the order.

(4)  A transferor that is the subject of a transfer order is to ensure that transfer of the specified assets, rights, liabilities and employees occurs on or as soon as practicable after the transfer day.

(5)  The Treasurer may publish more than one notice in respect of the transfer of assets, rights, liabilities and employees of a transferor and may specify different transfer days in respect of the transfer of those assets, rights, liabilities and employees.

(6)  The Treasurer may amend or revoke any notice published under this section.

(7)  A notice under this section is not a statutory rule for the purposes of the Rules Publication Act 1953 .

(8)  State tax is not payable in respect of any document prepared to give effect to a transfer order.