Document ID: chunk:federal_register_of_legislation:C2016C00900:section:29
Version: federal_register_of_legislation:C2016C00900
Segment Type: section
Provision Reference: s 29
Character Range: 29611–30539

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.