Document ID: chunk:federal_register_of_legislation:C2009C00387:clause:5_13
Version: federal_register_of_legislation:C2009C00387
Segment Type: clause
Provision Reference: sch 5 cl 13
Character Range: 20889–21569

13  Transfer of certain assets and liabilities

(1) If an asset (other than money) vested in the Commonwealth under subitem 11(1), or a liability of a statutory authority, is identified in a written determination made by an authorised person, the asset or liability becomes an asset or liability of the prescribed industry body specified in the determination on the day so specified, subject to such conditions (if any) about the use or disposal of the asset as are set out in the determination.

(2) An authorised person may sell any asset of the kind referred to in subitem (1) on behalf of the Commonwealth.

(4) A copy of each determination must be published in the Gazette.