27Transfer of AUSTEL assets

#### 27 Transfer of AUSTEL assets (1) This section applies to an asset of AUSTEL. (2) The Minister may cause to be transferred to the Commonwealth any asset that the Minister considers appropriate to be transferred to the Commonwealth for purposes in connection with the performance of the ACCC’s telecommunications functions and the exercise of the ACCC’s telecommunications powers. (3) Subsection (2) does not prevent AUSTEL from transferring an asset to the Commonwealth otherwise than under that subsection. (4) If an asset is transferred to the Commonwealth under subsection (2), the Minister may, by writing, declare that a specified instrument relating to the asset continues to have effect after the transfer as if a reference in the instrument to AUSTEL were a reference to the Commonwealth. > Note: An instrument may be specified by name, by inclusion in a specified class or in any other way. (5) A declaration under subsection (4) has effect accordingly. (6) In this section: > ACCC’s telecommunications functions and powers has the same meaning as in the Telecommunications Act 1997.