Telecommunications (Transitional Provisions and Consequential Amendments) Act 1997 (59 of 1997)

Part 3   Transitional

Division 1   Transitional provisions relating to the merger of AUSTEL and the SMA

9   Re-transfer of liabilities

 

(1) This section applies to a liability that became a liability of the ACA under section 8.

      

(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 ACA and becomes a liability of the Commonwealth at a specified 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 Commonwealth as if a reference in the instrument to the ACA were a reference to the Commonwealth;

(c) a declaration that the Commonwealth becomes the ACA's successor in law in relation to a specified liability immediately after the liability becomes a liability of the Commonwealth.

      

(3) A declaration under subsection (2) has effect accordingly.

      

(4) A time specified under subsection (2) must be before 1 January 1998.

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