Document ID: chunk:federal_register_of_legislation:C2024C00492:front:0:p39
Version: federal_register_of_legislation:C2024C00492
Segment Type: other
Provision Reference: 
Character Range: 107143–109998

or assignment and the amalgamated corporation becomes the amalgamating corporation's successor in law in relation to those assets; and
 (b) the liabilities of each of the amalgamating corporations cease to be liabilities of the amalgamating corporations and become liabilities of the amalgamated corporation and the amalgamated corporation becomes the amalgamating corporation's successor in law in relation to those liabilities; and
 (c) if any proceedings to which an amalgamating corporation was a party were pending in any court or tribunal immediately before registration—the amalgamated corporation is substituted for the amalgamating corporation as a party to the proceedings; and
 (d) any investigation that was commenced before registration in relation to an amalgamating corporation may be continued after registration as if the investigation were an investigation in relation to the amalgamated corporation; and
 (e) an act or thing done, or omitted to be done, before registration by or in relation to an amalgamating corporation is taken to have been done, or to have been omitted to be done, by or in relation to the amalgamated corporation; and
 (f) a reference in any document to an amalgamating corporation is taken to be a reference to the amalgamated corporation.
Note 1: The Registrar deregisters the amalgamating corporations under subsection 546‑10(3).
Note 2: Paragraph (3)(e) has the effect, for example, that any regulatory action taken in relation to an amalgamating corporation under Part 10‑3 may be continued as if that action had been taken in relation to the amalgamated corporation.
 (4) Paragraph (3)(e) does not apply to a determination under section 487‑1 that an amalgamating corporation is to be under special administration.
 (5) To avoid doubt, if an asset of an amalgamating corporation was, immediately before registration, subject to a charge of any kind, the asset becomes the asset of the amalgamated corporation under subsection (3) subject to that charge.
 (6) Subsection (7) applies if:
 (a) any land vests in the amalgamated corporation under this section; and
 (b) there is lodged with a land registration official a certificate that:
 (i) is signed by the Registrar; and
 (ii) identifies the land, whether by reference to a map or otherwise; and
 (iii) states that the land has become vested in the amalgamated corporation under this section.
 (7) The land registration official may:
 (a) register the matter in a way that is the same as, or similar to, the way in which dealings in land of that kind are registered; and
 (b) deal with, and give effect to, the certificate.
 (8) Subsection (9) applies if:
 (a) any asset other than land vests in the amalgamated corporation under this section; and
 (b) there is lodged with an assets official a certificate that:
 (i) is signed by the Registrar; and
 (ii)