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

Part 3   Transitional

Division 2   Transitional provisions relating to the transfer of competition policy resources from AUSTEL to the ACCC

29   Transfer of AUSTEL liabilities

(1) This section applies to a liability of AUSTEL.

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

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

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.