Document ID: chunk:federal_register_of_legislation:F2016L00070:reg:74
Version: federal_register_of_legislation:F2016L00070
Segment Type: reg
Provision Reference: reg 74
Character Range: 62156–62826

74  NEHTA Limited assets and liabilities
  On the transfer day, the assets and liabilities of NEHTA Limited cease to be assets and liabilities of NEHTA Limited and become assets and liabilities of the Agency, without any conveyance, transfer or assignment. The Agency becomes the successor in law in relation to those assets and liabilities.
Note: Any liability, such as any actual, contingent or prospective liability to pay a Commonwealth tax, that arises contemporaneously with the transfer of assets and liabilities on the transfer day would (in addition to liabilities that have already arisen before transfer day) be transferred to the Agency under this section.