s 36
In forceSubstitution of relevant entity
Schedule 1Repeals and transitional provisions
Part 18Saving and transitional provisions
Division 2Transfer of assets and liabilities
36 Substitution of relevant entity
(1)
Any contract entered into by or on behalf of a prescribed body, and all guarantees, undertakings and securities given by or on behalf of a prescribed body, that are subject to the operation of this Division will, after any relevant transfer under this Division, be taken to have been entered into or given by the transferee.
(2)
Subclause (1) does not apply in relation to any contract, guarantee, undertaking or security, or contract, guarantee, security or undertaking of a specified class, excluded by the operation of that subclause by the
Minister by notice in the Gazette.
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