sec.11.29Contracts, agreements, undertakings, other arrangements and instruments

### sec.11.29 Contracts, agreements, undertakings, other arrangements and instruments This section applies to a contract, agreement, undertaking or other arrangement (a current instrument ) to which the PSBA was a party, or an instrument (also a current instrument ) that applied to the PSBA, immediately before the commencement. On the commencement, the State becomes a party to the current instrument and the instrument applies to the State, in place of the PSBA. Without limiting subsection (2)— any right, title, interest or liability of the PSBA 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 the PSBA 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 the PSBA 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 the PSBA 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 the PSBA; and a current instrument under which property, other than money, is or may become liable to be transferred, conveyed or assigned to or by the PSBA 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 the PSBA. s 11.29 ins 2021 No. 12 s 193 (sec.11.29-ssec.1) This section applies to a contract, agreement, undertaking or other arrangement (a current instrument ) to which the PSBA was a party, or an instrument (also a current instrument ) that applied to the PSBA, immediately before the commencement. (sec.11.29-ssec.2) On the commencement, the State becomes a party to the current instrument and the instrument applies to the State, in place of the PSBA. (sec.11.29-ssec.3) Without limiting subsection (2)— any right, title, interest or liability of the PSBA 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 the PSBA 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 the PSBA 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 the PSBA 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 the PSBA; and a current instrument under which property, other than money, is or may become liable to be transferred, conveyed or assigned to or by the PSBA 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 the PSBA. - (a) any right, title, interest or liability of the PSBA arising under or relating to a current instrument is a right, title, interest or liability of the State; and - (b) a current instrument, including a benefit or right provided by a current instrument, given to, by or in favour of the PSBA before the commencement is taken to have been given to, by or in favour of the State; and - (c) an application relating to a current instrument made in the name of the PSBA before the commencement is taken to have been made in the name of the State; and - (d) a current instrument under which an amount is, or may become, payable to or by the PSBA 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 the PSBA; and - (e) a current instrument under which property, other than money, is or may become liable to be transferred, conveyed or assigned to or by the PSBA 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 the PSBA.