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PRIVATE HEALTH INSURANCE (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 2007 (NO. 32, 2007) - SECT 29

Vesting of liabilities of old Ombudsman

             (1)  This section applies to the liabilities of the old Ombudsman immediately before the Ombudsman conversion time.

             (2)  At the Ombudsman conversion time, the liabilities to which this section applies cease to be liabilities of the old Ombudsman and become liabilities of the Commonwealth without any conveyance, transfer or assignment. The Commonwealth becomes the successor in law in relation to these liabilities.



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