Document ID: chunk:federal_register_of_legislation:C2011A00152:clause:2_24
Version: federal_register_of_legislation:C2011A00152
Segment Type: clause
Provision Reference: sch 2 cl 24
Character Range: 25171–25908

24  Legal proceedings of ASI Limited
(1) This item applies to any proceedings:
 (a) that were pending in any court or tribunal immediately before the second transition time; and
 (b) to which ASI Limited was a party.
(2) If the proceedings relate to:
 (a) a transferred ASI Limited funding agreement; or
 (b) an asset or liability that, as a result of the operation of item 8, becomes an asset or liability of ARENA;
then ARENA is, at and after the second transition time, taken to be substituted for ASI Limited as a party to the proceedings.
(3) If subitem (2) does not apply to the proceedings, then the Commonwealth is, at and after the second transition time, taken to be substituted for ASI Limited as a party to the proceedings.