Substitution of Authority for Commonwealth in contracts etc

In force

If the Minister so declares in writing, a specified contract or other instrument:

(a)

to which the Commonwealth or the Commonwealth Government is a party; and

(b)

that related to an asset immediately before the transfer of that asset under this Act;

has effect after the transfer as if, to the extent to which the contract or instrument so relates:

(c)

the Authority were substituted for the Commonwealth or the Commonwealth Government as a party; and

(d)

any reference to the Commonwealth or the Commonwealth Government were, in relation to matters occurring after the transfer, a reference to the Authority.

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76 Substitution of Authority for Commonwealth in contracts etc