2014-01-13 Item 6.3 Appendices 1-5

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                Local Government (De-amalgamation Implementation) Regulation 2013
                                                       Part 4 Financial matters
                                                                      [s 38]
Part 4                   Financial matters

38      Assets transfer                                                                            |
        (1)  The transfer committee for a new local government must
             decide the assets that are to transfer from the related
             continuing local government to the new local government.
        (2)  On the changeover day, each asset to be transferred to the new
             local government is transferred to, and becomes the asset of,
             the new local government.

39      Liabilities transfer
        (1)  The transfer committee for a new local government must
             decide the liabilities that are to transfer from the related
             continuing local government to the new local government.
        (2)  On the changeover day, each liability to be transferred to the
             new local government is transferred to, and becomes the
             liability of, the new local government.

40      Levying rates and charges
        (1)  This section applies if, immediately before the changeover
             day, a continuing local government—
             (a)   had made or imposed a rate or charge in relation to land
                   in the new local government area of the related new
                   local government; and
             (b)   had not given a notice levying the rate or charge on a
                   person.
        (2)  The new local government—
              (a)  must give the person a notice levying the rate or charge;
                   and
              (b)  is taken to have made and levied the rate or charge.

 Current as at 6 December 2013                                      Page 19