Document ID: chunk:federal_register_of_legislation:C2004A01262:clause:1_75
Version: federal_register_of_legislation:C2004A01262
Segment Type: clause
Provision Reference: sch 1 cl 75
Character Range: 31979–33831

75  Transfer of contractual rights and obligations of the Organisation

(1) The Science Minister may, in writing, declare that the Organisation's rights and obligations under a specified contract to which the Organisation is a party and that is connected with the Organisation's metrological functions:
 (a) cease to be rights and obligations of the Organisation on the proclamation day; and
 (b) become rights and obligations of the Commonwealth on that day.

(2) The Science Minister may, in writing, declare that a specified contract that is connected with the Organisation's metrological functions continues to have effect on and after the proclamation day as if a reference in the contract to the Organisation were a reference to the Commonwealth.

(3) The Science Minister may, in writing, declare that a specified instrument relating to a specified contract continues to have effect after the Organisation's rights and obligations under the contract become rights and obligations of the Commonwealth, as if a reference in the instrument to the Organisation were a reference to the Commonwealth.

(4) The Science Minister may, in writing, declare that the Commonwealth becomes the Organisation's successor in law, in relation to the Organisation's rights and obligations under a specified contract, immediately after the Organisation's rights and obligations under the contract become rights and obligations of the Commonwealth.

(5) A declaration under this item has effect accordingly.

(6) A copy of a declaration under this item is to be published in the Gazette within 14 days after either the making of the declaration or the proclamation day, whichever is later.

(7) This item does not, by implication, limit item 77 or 79.

Note: A contract or instrument may be specified by name, by inclusion in a specified class or in any other way.