s. 72 72 Assets transferred in accordance with statement S. 72 inserted by On the relevant date, the relevant assets that are No. 98/1998 s. 15, allocated under an allocation statement under amended by section 71 vest in the Public Transport No. 61/2011 Development Authority or another person in s. 25(Sch. 1 item 8.37). accordance with the statement. S. 73 73 Allocation of assets subject to encumbrances inserted by No. 98/1998 Unless an allocation statement under section 71 s. 15. otherwise provides, where, under this Division relevant assets vest in a transferee under section 72, the relevant assets so vested are subject to the encumbrances (if any) to which they were subject immediately before so vesting. S. 74 74 Certificate signed by the Chief Executive Officer of (Heading) the Public Transport Development Authority inserted by No. 61/2011 s. 25(Sch. 1 item 8.38(a)). S. 74 inserted by No. 98/1998 s. 15. (1) A certificate signed by the Chief Executive S. 74(1) amended by Officer of the Public Transport Development No. 61/2011 s. 25(Sch. 1 Authority certifying that assets of the transferor item 8.38(b)). specified in the certificate have been allocated under an allocation statement in accordance with section 71 is, unless revoked under subsection (2), conclusive evidence that the assets— (a) have been so allocated; and (b) vested in the transferee on the relevant date. (2) If the Minister so directs the Public Transport S. 74(2) amended by Development Authority in writing, the Chief No. 61/2011 s. 25(Sch. 1 Executive Officer of the Public Transport item 8.38 Development Authority must revoke a certificate (c)(d)). given under subsection (1) by issuing another certificate in place of the first certificate.
S. 72 inserted by No. 98/1998 s. 15, amended by No. 61/2011 s. 25(Sch. 1 item 8.37). 72 Assets transferred in accordance with statement On the relevant date, the relevant assets that are allocated under an allocation statement under section 71 vest in the Public Transport Development Authority or another person in accordance with the statement. s. 72 S. 73 inserted by No. 98/1998 s. 15. 73 Allocation of assets subject to encumbrances Unless an allocation statement under section 71 otherwise provides, where, under this Division relevant assets vest in a transferee under section 72, the relevant assets so vested are subject to the encumbrances (if any) to which they were subject immediately before so vesting. S. 74 (Heading) inserted by No. 61/2011 s. 25(Sch. 1 item 8.38(a)). S. 74 inserted by No. 98/1998 s. 15. 74 Certificate signed by the Chief Executive Officer of the Public Transport Development Authority S. 74(1) amended by No. 61/2011 s. 25(Sch. 1 item 8.38(b)). (1) A certificate signed by the Chief Executive Officer of the Public Transport Development Authority certifying that assets of the transferor specified in the certificate have been allocated under an allocation statement in accordance with section 71 is, unless revoked under subsection (2), conclusive evidence that the assets— (a) have been so allocated; and (b) vested in the transferee on the relevant date. S. 74(2) amended by No. 61/2011 s. 25(Sch. 1 item 8.38 (c)(d)). (2) If the Minister so directs the Public Transport Development Authority in writing, the Chief Executive Officer of the Public Transport Development Authority must revoke a certificate given under subsection (1) by issuing another certificate in place of the first certificate.