Document ID: chunk:federal_register_of_legislation:C2004C00908:clause:3_3
Version: federal_register_of_legislation:C2004C00908
Segment Type: clause
Provision Reference: sch 3 cl 3
Character Range: 52094–52687

3  Residual assets and liabilities to become Commonwealth assets and liabilities

(1) By force of this item, all the residual assets of the Commission cease to be assets of the Commission and become assets of the Commonwealth on the repeal day.

(2) By force of this item, all residual liabilities of the Commission cease to be liabilities of the Commission and become liabilities of the Commonwealth on the repeal day.

(3) A residual instrument continues to have effect on and after the repeal day as if a reference in the instrument to the Commission were a reference to the Commonwealth.