30Transfer of contractual rights and liabilities from Commonwealth to Tourism Australia

30 Transfer of contractual rights and liabilities from Commonwealth to Tourism Australia

(1) The Minister may, in writing, declare that the Commonwealth’s rights and liabilities under a specified TFC contract: (a) cease to be rights and liabilities of the Commonwealth on the proclamation day; and (b) become rights and liabilities of Tourism Australia on that day. (2) The Minister may, in writing, declare that a specified TFC contract continues to have effect on and after the proclamation day as if a reference in the contract to the Commonwealth or the Tourism Forecasting Council were a reference to Tourism Australia. (3) The Minister may, in writing, declare that a specified instrument relating to a specified TFC contract continues to have effect, after the Commonwealth’s rights and liabilities under the contract become rights and liabilities of Tourism Australia, as if a reference in the instrument to the Commonwealth or the Tourism Forecasting Council were a reference to Tourism Australia. (4) The Minister may, in writing, declare that Tourism Australia becomes the Commonwealth’s successor in law, in relation to the Commonwealth’s rights and liabilities under a specified TFC contract, when the Commonwealth’s rights and liabilities under the contract become rights and liabilities of Tourism Australia. (5) A declaration under this section has effect accordingly. (6) This section does not, by implication, limit section 28 or 29.

Note: A contract or instrument may be specified by name, by inclusion in a specified class or in any other way.

(7) In this section:

TFC contract means a contract (other than a contract of employment):

(a) to which the Commonwealth is a party; and
(b) that relates to the Tourism Forecasting Council.