Document ID: chunk:federal_register_of_legislation:C2024C00557:section:239c
Version: federal_register_of_legislation:C2024C00557
Segment Type: section
Provision Reference: s 239C
Character Range: 586549–587659

239C  Vesting of assets of Murray‑Darling Basin Commission
 (1) On the commencement of this Part, the transitional assets of the Murray‑Darling Basin Commission immediately before that commencement:
 (a) cease to be assets of the Murray‑Darling Basin Commission; and
 (b) become assets of the Authority without any conveyance, transfer or assignment.
 (2) The Authority becomes the successor in law in relation to the transitional assets.
 (3) A transitional asset is:
 (a) any legal or equitable estate or interest in real or personal property, whether actual, contingent or prospective; or
 (b) any right, power, privilege or immunity, whether actual, contingent or prospective;
but does not include a right, power, privilege or immunity conferred by:
 (c) an Act; or
 (d) regulations or other subordinate legislation made under an Act; or
 (e) the Murray‑Darling Basin Act 1992 of New South Wales; or
 (f) the Murray‑Darling Basin Act 1993 of Victoria; or
 (g) the Murray‑Darling Basin Act 1996 of Queensland; or
 (h) the Murray‑Darling Basin Act 1993 of South Australia; or
 (i) the former MDB Agreement.