Document ID: chunk:federal_register_of_legislation:C2016C00900:section:9
Version: federal_register_of_legislation:C2016C00900
Segment Type: section
Provision Reference: s 9
Character Range: 16585–17626

9  Re‑transfer of liabilities
 (1) This section applies to a liability that became a liability of the ACA under section 8.
 (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 ACA and becomes a liability of the Commonwealth 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 Commonwealth as if a reference in the instrument to the ACA were a reference to the Commonwealth;
 (c) a declaration that the Commonwealth becomes the ACA's successor in law in relation to a specified liability immediately after the liability becomes a liability of the Commonwealth.
 (3) A declaration under subsection (2) has effect accordingly.
 (4) A time specified under subsection (2) must be before 1 January 1998.
Note: A liability or instrument may be specified by name, by inclusion in a specified class or in any other way.