Tasmanian Early Years Foundation (Winding-up) Act 2016 (TAS)

Tasmanian Early Years Foundation (Winding-up) Act 2016

An Act to provide for the winding-up of the Tasmanian Early Years Foundation and for related matters

[Royal Assent 7 October 2016]

Be it enacted by Her Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

1Short titleThis Act may be cited as the Tasmanian Early Years Foundation (Winding-up) Act 2016 . 2CommencementThis Act commences on a day to be proclaimed. 3InterpretationIn this Act, unless the contrary intention appears – commencement day means the day on which this Act commences; Foundation means the Tasmanian Early Years Foundation established under section 4 of the repealed Act; repealed Act means the Tasmanian Early Years Foundation Act 2005 ; State tax means any of the following imposed by an Act or law of this State: (a) a fee; (b) a tax or duty; (c) a charge; (d) any other impost. 4Dissolution of FoundationOn the commencement day, the Foundation is dissolved. 5Transfer of assets and liabilities (1) On the commencement day – (a) the assets of the Foundation vest in the Crown; and (b) the liabilities of the Foundation become the liabilities of the Crown. (2) State tax is not payable in respect of any document prepared, or transfer or transaction done, to give effect to subsection (1) . 6Construction of documents (1)  In this section – document means a document, or part of a document, that – (a) was in force immediately before the commencement day; and (b) contains a reference to the Tasmanian Early Years Foundation; and (c) relates to an asset or liability of the Tasmanian Early Years Foundation. (2) Unless the context or subject matter of a document otherwise requires, on and after the commencement day a reference in the document to the Tasmanian Early Years Foundation is taken to be or to include a reference to the Crown. 7Legal proceedings and related mattersOn and after the commencement day – (a) any legal or other proceeding instituted by or against the Foundation before, and pending on, the commencement day may be continued by or against the Crown; and (b) any legal or other proceeding that could have been instituted by or against the Foundation to enforce an obligation that was required to be performed, or a right that had accrued, before the commencement day may be instituted by or against the Crown; and (c) any judgment or order of a court obtained before the commencement day by or against the Foundation and not executed or satisfied before the commencement day may be enforced by or against the Crown; and (d) a document relating to any legal or other proceeding that has been served on or by the Foundation is taken, where appropriate, to have been served on or by the Crown. 8Tax exemptionInstruments to which the Crown is a party by virtue of this Act, and the Crown, in so far as it may, but for this section, be liable to any State tax in relation to a matter to which this Act relates, are not liable to any State tax. 9Annual reports (1)  The report prepared under section 27 of the Financial Management and Audit Act 1990 in relation to the Department for the financial year in which this Act commences is to contain the relevant information, required under that section to be contained in the report, in relation to the Foundation. (2) The annual report submitted under section 36 of the State Service Act 2000 in relation to the Department for the financial year in which this Act commences is to contain the relevant information, required under that section to be contained in the report, in relation to the Foundation. 10Administration of ActUntil provision is made in relation to this Act by order under section 4 of the Administrative Arrangements Act 1990  – (a) the administration of this Act is assigned to the Premier; and (b) the department responsible to the Premier in relation to the administration of this Act is the Department of Premier and Cabinet. 11Legislation repealedThe legislation specified in Schedule 1 is repealed. Schedule 1Legislation repealed

Section 11

Tasmanian Early Years Foundation Act 2005 (No. 54 of 2005)

[Second reading presentation speech made in:

House of Assembly on 25 AUGUST 2016

Legislative Council on 14 SEPTEMBER 2016]