Victorian Numbered Acts

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CAULFIELD RACECOURSE RESERVE ACT 2017 (NO. 58 OF 2017) - SECT 51

Land vests in Trust on commencement of Part 2

On the commencement of Part 2—

        (a)     the land referred to in section 46(b) is divested from the Minister administering the  Crown Land (Reserves) Act 1978 and vests in the Trust established by section 5 and becomes part of the Reserve; and

        (b)     all rights, property and assets that, immediately before that commencement, were vested in the Minister referred to in paragraph (a) are vested, by virtue of this section, in the Trust; and

        (c)     all debts, liabilities and obligations of the Minister referred to in paragraph (a) existing immediately before that commencement become debts, liabilities and obligations of the Trust; and

        (d)     the Trust is substituted as a party to any proceeding pending in any court or tribunal to which the Minister referred to in paragraph (a) was a party immediately before that commencement; and

        (e)     any funds held by the Minister referred to in paragraph (a) under section 46(f) are transferred to the Trust.



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