67AFTransfer of contractual rights and obligations by declaration

##### 67AF Transfer of contractual rights and obligations by declaration (1) The Minister for Finance may, by writing, declare that the Commission’s rights and obligations under a specified contract to which the Commission is a party: (a) cease to be rights and obligations of the Commission at a specified time; and (b) become rights and obligations of a specified person at that time. > Note: A right or obligation may be specified by name, by inclusion in a specified class or in any other way. (2) The Minister for Finance may, by writing, declare that a specified contract continues to have effect after a specified time as if a reference in the contract to the Commission were a reference to a specified person. (3) The Minister for Finance may, by writing, declare that a specified instrument relating to a specified contract continues to have effect after the Commission’s rights and obligations under the contract become rights and obligations of a specified person, as if a reference in the instrument to the Commission were a reference to the person. (4) The Minister for Finance may, by writing, declare that a specified person becomes the Commission’s successor in law, in relation to the Commission’s rights and obligations under a specified contract, immediately after the Commission’s rights and obligations under the contract become rights and obligations of the person. (5) A declaration under this section has effect accordingly. (6) A copy of a declaration under this section is to be published in the Gazette within 14 days after the making of the declaration. (7) This section does not, by implication, limit section 67AE. > Note: For specification by class, see section 46 of the Acts Interpretation Act 1901.