10Agreement between the Commonwealth and the Company for management of pre‑transfer contracts and establishment of Insurance Account

10 Agreement between the Commonwealth and the Company for management of pre‑transfer contracts and establishment of Insurance Account

(1) The Commonwealth may enter into an agreement (the management agreement) with the Company under which, on and after the transfer day, the Company will, on behalf of the Commonwealth, manage all pre‑transfer contracts during a period (the management period): (a) that begins on the transfer day; and (b) whose length is stated in, or is to be worked out in accordance with, the agreement. (2) During the management period the Company is entitled to custody of the pre‑transfer contracts and any associated documents but any person appointed by the Minister for the purpose is entitled to access to those contracts and associated documents while they are in the Company’s custody. (3) The management agreement is to provide that, throughout the management period, the Company is to keep an account (the Insurance Account) with a bank nominated for the purpose in the agreement. (4) The Company is entitled to access to any of the Corporation’s records that are in the custody of the Australian Archives, including records that are exempt records under the Archives Act 1983, if access to the records is necessary to obtain information: (a) that relates to the business carried on by the Corporation before the transfer day; and (b) is for use in the management of pre‑transfer contracts.