National Parks Board Act 1996 · 2020 Revised Edition · Part 6 · Transfer of Assets, Liabilities and Employees to Board
20. Transfer to Board of property, assets and liabilities
Feedback & supportAs from 1 July 1996, all movable property vested in the Government immediately before that date for the purposes of the Parks and Recreation Department, and all assets, rights or interests vested in, and all outstanding debts, liabilities and obligations incurred by, the Government in connection therewith are transferred to and vest in the Board without further assurance.
Parks and Recreation Department
“Parks and Recreation Department” means the Parks and Recreation Department of the Ministry of National Development;
If any question arises as to whether any particular movable property vested in the Government, or whether any particular asset, right, interest, liability or obligation of the Government has been transferred to or vested in the Board under subsection (1), a certificate under the hand of the Minister for Finance is conclusive evidence that the property, asset, right, interest, liability or obligation was or was not so transferred or vested.
asset
“asset”, in relation to the transferor, means property of any kind (whether tangible or intangible, whether arising from, accruing under, created or evidenced by or the subject of, an instrument or otherwise and whether actual or contingent) of the transferor on the eve of the transfer date and includes, without limitation, any —(a)legal or equitable interest in real or personal property;(b)chose in action;(c)security;(d)money;(e)intellectual property;(f)infrastructure, plant and equipment;(g)records and information (including data) in any form; and(h)right;