67APTransfer of liabilities

#### 67AP Transfer of liabilities (1) This section applies to a liability that became a liability of the Commonwealth under section 67AG. (2) The Minister for Finance may, by writing, make any or all of the following declarations: (a) a declaration that a specified liability ceases to be a liability of the Commonwealth and becomes a liability of a specified person at a specified time; (b) a declaration that a specified instrument relating to a specified liability continues to have effect after the liability becomes a liability of a specified person as if a reference in the instrument to the Commonwealth were a reference to the person; (c) a declaration that a specified person becomes the Commonwealth’s successor in law in relation to a specified liability immediately after the liability becomes a liability of the person. (3) A declaration under subsection (2) has effect accordingly. (4) A copy of a declaration under subsection (2) is to be published in the Gazette within 14 days after the making of the declaration. > Note: A liability or instrument may be specified by name, by inclusion in a specified class or in any other way.