This order, which comes into force on 8 July 2021, specifies 12 July 2021 as the date on which the Ashburton Licensing Trust’s undertaking is vested in the Braided Rivers Community Trust. The effect is that, on that date,—

• the Ashburton Licensing Trust is dissolved; and

• all real and personal property of the Ashburton Licensing Trust, including all licences under the Sale and Supply of Alcohol Act 2012 (the Act), vests in the Braided Rivers Community Trust; and

• all money payable to or by the Ashburton Licensing Trust is payable to or by the Braided Rivers Community Trust; and

• all liabilities, contracts (including employment contracts), and engagements, and all rights and authorities (except for the exclusive right referred to in section 349(2) of the Act), of the Ashburton Licensing Trust are the liabilities, contracts, engagements, rights, and authorities of the Braided Rivers Community Trust; and

• all proceedings by or against the Ashburton Licensing Trust may be carried on or prosecuted by or against the Braided Rivers Community Trust.