Carter Observatory Act Repeal Act 2010

1: Title
This Act is the Carter Observatory Act Repeal Act 2010.
2: Commencement
This Act comes into force on the day after the date on which it receives the Royal assent.
1: Preliminary provisions
3: Purposes
The purposes of this Act are to—
a: repeal the Carter Observatory Act 1938
b: dissolve the Board; and
c: transfer the assets of the Board to the Council; and
d: vest in the Crown and in the Council the liabilities incurred by the Board; and
e: provide for incidental matters.
4: Interpretation
In this Act, unless the context otherwise requires,— Board section 4 commencement day Council
5: Act binds the Crown
This Act binds the Crown.
2: Repeal and related matters
6: Repeal of Carter Observatory Act 1938
The Carter Observatory Act 1938 2010-06-01 Carter Observatory Act 1938
7: Dissolution of Board
On commencement day,—
a: the Board is dissolved; and
b: the term of office of every member of the Board ends.
8: Transfer of property and liabilities of Board
On and from commencement day,—
a: all real and personal property of the Board vests in the Council free of all trusts; and
b: all rights of the Board vest in the Council; and
c: all money payable to the Board is payable to the Council; and
d: all liabilities of the Board incurred prior to 20 December 2007 vest in the Crown; and
e: all liabilities of the Board incurred on or after 20 December 2007 vest in the Council; and
f: all proceedings pending by or against the Board may be continued, completed, or enforced by or against the Council.
9: Transfer not gift, supply of services, or disposition for certain purposes
To avoid doubt, anything transferred to the Council by section 8
a: a dutiable gift for the purposes of the Estate and Gift Duties Act 1968
b: a supply of goods and services for the purposes of the Goods and Services Tax Act 1985
c: a sale, disposition, distribution, or transfer of property or liability for the purposes of the Income Tax Act 2007
10: Final report of Board
1: As soon as is reasonably practicable after commencement day, the Chairman must—
a: arrange for a final report of the Board to be completed; and
b: submit that report to the Minister.
2: The report must describe the Board’s proceedings and activities for the period beginning on 1 April immediately preceding commencement day and ending with the close of the day immediately preceding commencement day (the report period
a: a statement of the Board’s financial position as at the close of the day immediately preceding commencement day; and
b: an account of income and expenditure showing the financial transactions for the report period; and
c: a report of the Audit Office on the statement of financial position and account of income and expenditure.
3: The Minister must present a copy of the report to the House of Representatives within 28 days after receiving the report or, if Parliament is not in session, 28 days after the commencement of the next session of Parliament.
4: In this section,—
a: Chairman
b: Minister Carter Observatory Act 1938
11: Compensation
No member of the Board is entitled to compensation for loss of office resulting from the dissolution of the Board.
12: Consequential amendments
The enactments specified in the Schedule 2010-06-01 Local Authorities (Members’ Interests) Act 1968 Public Audit Act 2001 Public Bodies Contracts Act 1959