Victorian Current Acts

PORT MANAGEMENT ACT 1995 - SECT 154

On the port authority abolition date—

        (a)     all property and rights of the port authority, wherever located, vest in SEC subject to the encumbrances (if any) to which they were subject immediately before so vesting; and

        (b)     all liabilities of the port authority, wherever located become liabilities of SEC; and

        (c)     SEC becomes the successor in law of the port authority; and

        (d)     the port authority is abolished.

S. 155 substituted by No. 63/1997
s. 8.