Document ID: chunk:federal_register_of_legislation:C2009A00056:clause:1_117
Version: federal_register_of_legislation:C2009A00056
Segment Type: clause
Provision Reference: sch 1 cl 117
Character Range: 18691–20147

117  Transitional—Transport Development and Innovation Projects

Part 4 instruments
(1) An instrument in force under Part 4 of the old law immediately before the commencement of this item in relation to a project that was an AusLink Transport Development and Innovation Project has effect, on and after that commencement, as if:
 (a) that project were a Nation Building Program Transport Development and Innovation Project; and
 (b) that instrument were in force under Part 4 of the new law in relation to that Nation Building Program Transport Development and Innovation Project.
(2) Subitem (1) does not prevent a variation or revocation of that instrument on or after the commencement of this item.

Funding agreement
(3) A funding agreement in force in relation to the AusLink Transport Development and Innovation Project immediately before the commencement of this item has effect, on and after that commencement, as if it were a funding agreement in force in relation to the Nation Building Program Transport Development and Innovation Project.
(4) Subitem (3) does not prevent a variation or termination of that agreement on or after the commencement of this item.

Funding conditions
(5) The conditions that applied under section 38 of the old law to a payment of Commonwealth funding for the AusLink Transport Development and Innovation Project that was made before the commencement of this item continue to apply on and after that commencement.