South Australia
Public Corporations (Playford Centre) (Dissolution and Revocation) Regulations 2012
under the Public Corporations Act 1993

Contents
1	Short title
2	Commencement
3	Dissolution of Playford Centre
4	Transfer of assets and liabilities of Playford Centre
Schedule 1—Revocation of Public Corporations (Playford Centre) Regulations 2011

1—Short title
These regulations may be cited as the Public Corporations (Playford Centre) (Dissolution and Revocation) Regulations 2012.
2—Commencement
These regulations will come into operation on 1 July 2012.
3—Dissolution of Playford Centre
Playford Centre, established by regulation under Part 5 of the Public Corporations Act 1993 and continued by the Public Corporations (Playford Centre) Regulations 2011 as a subsidiary of the Treasurer, is dissolved.
4—Transfer of assets and liabilities of Playford Centre
	(1)	The assets and liabilities of Playford Centre immediately before its dissolution are vested in or attached to the South Australian Government Financing Authority.
	(2)	The Minister may, by notice in the Gazette, declare that a reference in an Act, instrument, contract, agreement or other document to Playford Centre will have effect as if it were a reference to the Minister, or to a body specified by the Minister in the notice.
	(3)	The following provisions apply in connection with the operation of subregulation (1):
	(a)	nothing in that subregulation—
	(i)	constitutes a breach of, or default under, an Act or other law; or
	(ii)	constitutes a breach of, or default under, a contract, agreement, understanding or undertaking; or
	(iii)	constitutes a breach of a duty of confidence (whether arising by contract, in equity or by custom or in any other way); or
	(iv)	constitutes a civil or criminal wrong; or
	(v)	terminates an agreement or obligation or fulfils any condition that allows a person to terminate an agreement or obligation, or gives rise to any other right or remedy; or
	(vi)	releases a surety or other obligee wholly or in part from an obligation;
	(b)	that subregulation will have effect despite the terms of any contract, agreement, understanding or undertaking and without the need for any other act or consent.

Schedule 1—Revocation of Public Corporations (Playford Centre) Regulations 2011
The Public Corporations (Playford Centre) Regulations 2011 are revoked.
Note—
As required by section 10AA(2) of the Subordinate Legislation Act 1978, the Minister has certified that, in the Minister's opinion, it is necessary or appropriate that these regulations come into operation as set out in these regulations.
Made by the Governor
with the advice and consent of the Executive Council
on 28 June 2012
No 167 of 2012
T&F12/014CS