Western Australian Consolidated Acts

STATE TRADING CONCERNS ACT 1916 - SECT 26

26.         Application of proceeds of sale of assets

                The proceeds of the sale of any assets of a trading concern shall be applied in reduction of the capital of such concern, and in the books of the Treasury the proceeds shall be credited to the Government Property Sales Fund.

        [Section 26 amended by No. 49 of 1996 s. 64.]