Document ID: chunk:federal_register_of_legislation:C2016C00804:section:12
Version: federal_register_of_legislation:C2016C00804
Segment Type: section
Provision Reference: s 12
Character Range: 10094–11362

12  Transfer of liabilities
 (1) This section applies to a liability of the Commonwealth that related or relates to the AGHS.
 (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 Commonwealth 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 Commonwealth were a reference to the nominated company;
 (c) a declaration that the nominated company becomes the Commonwealth'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) A time specified under paragraph (2)(a) must be a time when the nominated company is Commonwealth‑owned.
Note: A liability or instrument may be specified by name, by inclusion in a specified class or in any other way.