📜 City of Fremantle and Town of East Fremantle Trust Funds (Amendment and Expiry) Bill 2013

Assented toLABill 1112 June 2013

The City of Fremantle and Town of East Fremantle Trust Funds (Amendment and Expiry) Bill 2013 abolishes the Fremantle Fund and the East Fremantle Fund, transferring their assets, liabilities, and responsibilities to the City of Fremantle and the Town of East Fremantle respectively. It also provides for the expiry of the City of Fremantle and Town of East Fremantle Trust Funds Act 1961.

Impact

This bill affects the City of Fremantle and the Town of East Fremantle by transferring the assets, liabilities, and responsibilities of the Fremantle Fund and the East Fremantle Fund to their respective local governments. It simplifies local government financial management by removing obsolete trust fund structures.

Key Changes

["Abolishes the Fremantle Fund and the East Fremantle Fund.", "Transfers assets and liabilities of the Fremantle Fund to the City of Fremantle.", "Transfers assets and liabilities of the East Fremantle Fund to the Town of East Fremantle.", "Revests Reserve 34837 from the Fremantle Fund to the City of Fremantle.", "Provides for the expiry of the City of Fremantle and Town of East Fremantle Trust Funds Act 1961."]