72Transfers of certain Commonwealth assets to Authority

72 Transfers of certain Commonwealth assets to Authority

(1) Where, immediately before the commencement of this Act: (a) a function of the Authority was being performed by the Department; and (b) an asset was held by the Department in connection with the performance of that function; the Minister may, at any time, cause the asset to be transferred to the Authority. (2) Subsection (1) does not prevent the Commonwealth from transferring any asset to the Authority otherwise than under that subsection.