108Transfer of contractual rights and liabilities by

108 Transfer of contractual rights and liabilities by declaration—div 9.6 authorities (1) The responsible Minister for a division 9.6 authority may declare that the authority’s rights and liabilities under a stated contract to which the authority is party— (a) stop being the rights and liabilities of the authority at a stated time; and (b) become rights and liabilities of a stated entity at that time. (2) The responsible Minister for a division 9.6 authority may declare that a stated contract continues to have effect after a stated time as if a reference in the contract were a reference to a stated entity. (3) The responsible Minister for a division 9.6 authority may declare that a stated instrument relating to a stated contract continues to have effect after the authority’s rights and liabilities under the contract become rights and liabilities of a stated entity as if a reference in the instrument to the authority were a reference to the entity.

(4) The responsible Minister for a division 9.6 authority may declare that a stated person becomes the authority’s successor in law, in relation to the authority’s rights and liabilities under a stated contract, immediately after the authority’s rights and liabilities under the contract become rights and liabilities of the entity. (5) A declaration under this section has effect according to its terms. (6) A declaration under this section is a notifiable instrument. (7) To remove any doubt, this section is additional to, and does not limit,