51Substitution of party to agreement

51 Substitution of party to agreement If the rights and liabilities of the Secretary DIIRD body corporate under an agreement are rights that vest in or liabilities that become liabilities of the Secretary, Project Development under this Division— (a) the Secretary, Project Development becomes, on the commencement day, a party to the agreement in place of the Secretary DIIRD body corporate; and (b) on and after the commencement day, the agreement has effect as if the Secretary, Project Development had always been a party to the agreement. New s. 52 inserted by No. 30/2020 s. 20.