sec.229Current instruments

sec.229 Current instruments

This section applies to a contract or other instrument to which QTAMA was a party, or that otherwise applied to QTAMA, immediately before the commencement (a current instrument ). The State is a party to the current instrument, or the current instrument otherwise applies to the State, in place of QTAMA. Without limiting subsection (2)— any right, title, interest or liability of QTAMA arising under or relating to a current instrument is a right, title, interest or liability of the State; and a current instrument, including a benefit or right provided by a current instrument, given to, by or in favour of QTAMA before the commencement is taken to have been given to, by or in favour of the State; and an application relating to a current instrument made in the name of QTAMA before the commencement is taken to have been made in the name of the State; and a current instrument under which an amount is, or may become, payable to or by QTAMA is taken to be an instrument under which the amount is, or may become, payable to or by the State in the way the amount was, or might have become, payable to or by QTAMA; and a current instrument under which property, other than money, is or may become liable to be transferred, conveyed or assigned to or by QTAMA is taken to be an instrument under which property is, or may become liable to be, transferred, conveyed or assigned to or by the State in the way the property was, or might have become, liable to be transferred, conveyed or assigned to or by QTAMA. s 229 ins 2015 No. 9 s 4 (sec.229-ssec.1) This section applies to a contract or other instrument to which QTAMA was a party, or that otherwise applied to QTAMA, immediately before the commencement (a current instrument ). (sec.229-ssec.2) The State is a party to the current instrument, or the current instrument otherwise applies to the State, in place of QTAMA. (sec.229-ssec.3) Without limiting subsection (2)— any right, title, interest or liability of QTAMA arising under or relating to a current instrument is a right, title, interest or liability of the State; and a current instrument, including a benefit or right provided by a current instrument, given to, by or in favour of QTAMA before the commencement is taken to have been given to, by or in favour of the State; and an application relating to a current instrument made in the name of QTAMA before the commencement is taken to have been made in the name of the State; and a current instrument under which an amount is, or may become, payable to or by QTAMA is taken to be an instrument under which the amount is, or may become, payable to or by the State in the way the amount was, or might have become, payable to or by QTAMA; and a current instrument under which property, other than money, is or may become liable to be transferred, conveyed or assigned to or by QTAMA is taken to be an instrument under which property is, or may become liable to be, transferred, conveyed or assigned to or by the State in the way the property was, or might have become, liable to be transferred, conveyed or assigned to or by QTAMA.