Document ID: chunk:federal_register_of_legislation:C2018C00042:section:31
Version: federal_register_of_legislation:C2018C00042
Segment Type: section
Provision Reference: s 31
Character Range: 33617–35923

31  Transfer of contractual rights and obligations
 (1) This section applies to a contract (other than a contract of employment) to which the FAC is a party.
 (2) The Finance Minister may, by written instrument, declare that, in the event that a specified company is granted an airport lease for a specified airport under section 21 or 22 on a specified day, the FAC's rights and obligations under a specified contract:
 (a) cease to be rights and obligations of the FAC immediately after the grant; and
 (b) become rights and obligations of the company immediately after the grant.
 (3) The Finance Minister may, by written instrument, declare that, in the event that a specified company is granted an airport lease for a specified airport under section 21 or 22 on a specified day, a specified contract continues to have effect after the grant as if a reference in the contract to the FAC or to the Commonwealth were a reference to the company.
 (4) The Finance Minister may, by written instrument, declare that, in the event that a specified company is granted an airport lease for a specified airport under section 21 or 22 on a specified day, a specified instrument relating to a specified contract continues to have effect, after the FAC's rights and obligations under the contract become rights and obligations of the company, as if a reference in the instrument to the FAC or to the Commonwealth were a reference to the company.
 (5) The Finance Minister may, by written instrument, declare that, in the event that a specified company is granted an airport lease for a specified airport under section 21 or 22 on a specified day, the company becomes the FAC's successor in law, in relation to the FAC's rights and obligations under a specified contract, immediately after the FAC's rights and obligations under the contract become rights and obligations of the company.
 (6) A declaration under this section has effect accordingly.
 (7) This section does not, by implication, limit section 30.
 (8) Any consideration payable for a transfer under this section is payable to the Commonwealth instead of to the FAC.
Note: A contract or instrument may be specified by name, by inclusion in a specified class or in any other way.

Part 5—Transfer of the FAC's liabilities to airport‑lessee companies