Document ID: chunk:federal_register_of_legislation:C2014C00604:clause:2_14
Version: federal_register_of_legislation:C2014C00604
Segment Type: clause
Provision Reference: sch 2 cl 14
Character Range: 83921–84592

14  Vesting of liabilities of the Wine Australia Corporation or the Grape and Wine Research and Development Corporation
(1) This item applies to the liabilities of the Wine Australia Corporation or the Grape and Wine Research and Development Corporation immediately before the transition time.
(2) At the transition time, the liabilities cease to be liabilities of the Wine Australia Corporation or the Grape and Wine Research and Development Corporation and become liabilities of the Australian Grape and Wine Authority without any conveyance, transfer or assignment. The Australian Grape and Wine Authority becomes the successor in law in relation to the liabilities.