Commonwealth Numbered Acts

AUSTRALIAN HOUSING CORPORATION ACT 1975 No. 25 of 1975 - SECT 57

57. Section 14 of the Defence Service Homes Act is repealed and the following
sections substituted:- Transfer of assets and liabilities of Director, &c.
''7. (1) All the rights, property and assets that immediately before the
commencement of this section were vested in the Director of Defence Service
Homes are, by force of this section, vested in the Corporation.

''(2) Upon the date of commencement of this section the Corporation becomes,
by force of this section, liable to pay and discharge all the debts,
liabilities and obligations of the Director of Defence Service Homes that
existed immediately before that date.

''(3) Any agreement or instrument subsisting immediately before the date of
commencement of this section to which the Director of Defence Service Homes
was a party has effect on and after that date as if-

   (a)  the Corporation were substituted for the Director as a party to the
        agreement or instrument; and

   (b)  any reference in the agreement or instrument to the Director were
        (except in relation to matters that occurred before that date) a
        reference to the Corporation.

''(4) Where, immediately before the commencement of this section, proceedings
to which the Director of Defence Service Homes was a party were pending in any
court, the Corporation is, by force of this section, substituted for the
Director as a party to the proceedings. Staff.
''8. The staff necessary for the administration of this Act shall be members
of the staff of the Corporation.''.