Document ID: chunk:federal_register_of_legislation:C2011A00152:clause:2_8
Version: federal_register_of_legislation:C2011A00152
Segment Type: clause
Provision Reference: sch 2 cl 8
Character Range: 13703–14365

8  Assets and liabilities under transferred ASI Limited funding agreements: transfer to ARENA
(1) At the second transition time, the assets and liabilities of ASI Limited, under the transferred ASI Limited funding agreements, cease to be assets and liabilities of ASI Limited and become assets and liabilities of ARENA, without any conveyance, transfer or assignment. ARENA becomes the successor in law in relation to those assets and liabilities.
Note: For other provisions about the transferred ASI Limited funding agreements, see Division 2 of Part 4.
(2) To avoid doubt, ARENA's money may be applied in discharging liabilities to which subitem (1) applies.