109Transfer of liabilities by declaration—div 9.6 authorities

109 Transfer of liabilities by declaration—div 9.6 authorities (1) The responsible Minister for a division 9.6 authority may make 1 or more of the following declarations in relation to a liability of the authority: (a) a declaration that a stated liability stops being a liability of the authority and becomes a liability of a stated entity at a stated time; (b) a declaration that a stated instrument relating to a stated liability continues to have effect after the liability becomes a liability of a stated entity as if a reference in the instrument to the authority were a reference to the entity; (c) a declaration that a stated entity becomes the authority’s successor in law in relation to a stated liability immediately after the liability becomes a liability of the entity. (2) A declaration under subsection (1) has effect in accordance with its terms. (3) A declaration under subsection (1) is a notifiable instrument. (4) To remove any doubt, this section is additional to, and does not limit