Document ID: chunk:federal_register_of_legislation:C2023C00374:section:19
Version: federal_register_of_legislation:C2023C00374
Segment Type: section
Provision Reference: s 19
Character Range: 17204–18511

19  Transfer of liabilities
 (1) This section applies to a liability of the Commission.
 (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 Commission and becomes a liability of the nominated company 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 nominated company as if a reference in the instrument to the Commission were a reference to the nominated company;
 (c) a declaration that the nominated company becomes the Commission's successor in law in relation to a specified liability immediately after the liability becomes a liability of the nominated company.
 (3) A declaration under subsection (2) has effect accordingly.
 (4) A copy of a declaration under subsection (2) is to be published in the Gazette within 14 days after the making of the declaration.
 (5) If a declaration under subsection (2) relates to a liability of the Medibank Private fund, the time specified under subsection (2) must be a time that occurs during the fund‑transfer day.
Note: A liability or instrument may be specified by name, by inclusion in a specified class or in any other way.