66Transfer of assets, rights and liabilities

66 Transfer of assets, rights and liabilities

66 Transfer of assets, rights and liabilities

(1) If a project authorisation order declares the Authority to be responsible for another government agency’s functions in relation to carrying out a project, the order may provide—

(a) for the transfer to the Authority of assets, rights or liabilities of the government agency, or classes of the agency’s assets, rights and liabilities, relevant to the project and specified in the order, or

(b) that a contract, agreement, conveyance, deed, lease, licence or other instrument or undertaking entered into by the government agency, or class of instruments, is taken to have been entered into by the Authority.

(2) Schedule 2 applies to a project authorisation order that provides for the transfer of assets, rights or liabilities under subsection (1)(a).