Financial Framework Legislation Amendment Act 2010 (148 of 2010)

Schedule 7   Amendment of the Criminology Research Act 1971

Part 2   Transitional provisions

21   Vesting of property and money

(1) When this Schedule commences:

(a) any real or personal property or money of, or held on trust by, the Institute immediately before this Schedule commences:

(i) ceases to be property or money of, or held on trust by, the Institute; and

(ii) becomes the property or money of, or held on trust by, the Commonwealth, without any conveyance, transfer or assignment; and

(b) the Commonwealth becomes the Institute's successor in law in relation to that property or money.

(2) An amount that is equal to the total of following amounts is credited to the Criminology Research Special Account when this Schedule commences:

(a) the amount of money that the Institute had immediately before this Schedule commences;

(b) the amount that was credited to the Criminology Research Fund immediately before this Schedule commences.