Telecommunications (Transitional Provisions and Consequential Amendments) Act 1997
8Transfer of liabilities to the ACA
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8 Transfer of liabilities to the ACA
(1) This section applies to a liability of the Commonwealth that relates to the SMA. (2) The Minister may, by writing, make any or all of the following declarations: (a) a declaration that a specified liability ceases to be a liability of the Commonwealth and becomes a liability of the ACA at the merging time; (b) a declaration that a specified instrument relating to a specified liability continues to have effect after the liability becomes a liability of the ACA as if a reference in the instrument to the Commonwealth were a reference to the ACA; (c) a declaration that the ACA becomes the Commonwealth’s successor in law in relation to a specified liability immediately after the liability becomes a liability of the ACA.
Note: A liability or instrument may be specified by name, by inclusion in a specified class or in any other way.
(3) A declaration under subsection (2) has effect accordingly.