Western Australian Current Acts Western Australian Current Acts (1) In this section
—
former accounts means —
(a) the
State Supply Commission Account referred to in section 30 of the former Act;
and
(b) any
other operating accounts of the State Supply Commission.
(2) On transition day,
any money standing to the credit of the former accounts must be credited to an
operating account of the Department and the former accounts must then be
closed.
(3) Money referred to
in subsection (2) may be applied —
(a) in
the payment of any liabilities of the former accounts arising before
transition day; and
(b) for
the purposes of this Act.
(4) The operating
account referred to in subsection (2) must be credited with any money payable
to the former accounts before transition day that is paid on or after that
day.
(5) On and after
transition day, any agreement, instrument or other document that contains a
reference to any of the former accounts has effect as if the reference were to
the operating account referred to in subsection (2).