76Substitution of Authority for Commonwealth in contracts etc.

76 Substitution of Authority for Commonwealth in contracts etc.

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.