Document ID: chunk:federal_register_of_legislation:C2012C00437:clause:7_21
Version: federal_register_of_legislation:C2012C00437
Segment Type: clause
Provision Reference: sch 7 cl 21
Character Range: 51087–51947

21  Vesting of property and money
(1) When this Schedule commences:
 (a) any real or personal property or money of, or held on trust by, the Institute immediately before this Schedule commences:
 (i) ceases to be property or money of, or held on trust by, the Institute; and
 (ii) becomes the property or money of, or held on trust by, the Commonwealth, without any conveyance, transfer or assignment; and
 (b) the Commonwealth becomes the Institute's successor in law in relation to that property or money.
(2) An amount that is equal to the total of following amounts is credited to the Criminology Research Special Account when this Schedule commences:
 (a) the amount of money that the Institute had immediately before this Schedule commences;
 (b) the amount that was credited to the Criminology Research Fund immediately before this Schedule commences.