Document ID: chunk:federal_register_of_legislation:C2004C00908:clause:1_67af
Version: federal_register_of_legislation:C2004C00908
Segment Type: clause
Provision Reference: sch 1 cl 67AF
Character Range: 12417–14162

67AF  Transfer of contractual rights and obligations by declaration

 (1) The Minister for Finance may, by writing, declare that the Commission's rights and obligations under a specified contract to which the Commission is a party:
 (a) cease to be rights and obligations of the Commission at a specified time; and
 (b) become rights and obligations of a specified person at that time.

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

 (2) The Minister for Finance may, by writing, declare that a specified contract continues to have effect after a specified time as if a reference in the contract to the Commission were a reference to a specified person.

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

 (4) The Minister for Finance may, by writing, declare that a specified person becomes the Commission's successor in law, in relation to the Commission's rights and obligations under a specified contract, immediately after the Commission's rights and obligations under the contract become rights and obligations of the person.

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

 (6) A copy of a declaration under this section is to be published in the Gazette within 14 days after the making of the declaration.

 (7) This section does not, by implication, limit section 67AE.

Note: For specification by class, see section 46 of the Acts Interpretation Act 1901.