Document ID: chunk:federal_register_of_legislation:C2004A03226:body:0:p13
Version: federal_register_of_legislation:C2004A03226
Segment Type: other
Provision Reference: 
Character Range: 30838–33500

all actions, claims, demands, proceedings, suits, damages, expenses and costs that may be brought against, or incurred by, the Commonwealth at any time for or in respect of a liability that becomes a liability of the Commission under sub-section (1) or (2).
(5) The assets of the Insurance Corporation (other than fixed assets of the Insurance Corporation) that become, by virtue of sub-section (1), assets of the Commission on the commencing day shall—
(a) to the extent that they are money—be deemed to be money standing to the credit of the Fund; and
(b) to the extent that they are investments—be deemed to be investments of money standing to the credit of the Fund that have been duly made in accordance with section 63e of the Audit Act 1901 as applied by sub-section 89 (1) of the Australian Trade Commission Act 1985.
(6) The liabilities of the Insurance Corporation that become, by virtue of sub-section (1), liabilities of the Commission on the commencing day shall, as they fall due for payment, be paid by the Commission from the money standing to the credit of the Fund as if they were liabilities incurred by the Commission under or in connection with the conduct of its business under Part V of the Australian Trade Commission Act 1985.
(7) In sub-section (5), "fixed assets of the Insurance Corporation" means—
(a) real property, office equipment, furniture and motor vehicles; and
(b) funds set aside for maintenance of assets referred to in paragraph (a).

(8) In this section, "Fund" means the Export Finance and Insurance Fund established by section 73 of the Australian Trade Commission Act 1985.

Instruments
20. A relevant instrument continues, by force of this section, in full force and effect, but, in its operation in relation to acts, transactions, matters or things done, entered into or occurring on or after the commencing day, has effect as if—
(a) a reference in the instrument to the Insurance Corporation or to the Projects Corporation were a reference to the Commission; and
(b) a reference in the instrument to the Commonwealth were a reference to the Commission or to the Commonwealth, as the context requires.

Certificates with respect of assets, liabilities and instruments
21. (1) An authorised officer may, by writing, certify that—
(a) an asset specified or described in the certificate is an asset referred to in paragraph 19 (1) (a), (b) or (c) or 19 (2) (a);
(b) a liability specified or described in the certificate is a liability referred to in paragraph 19 (1) (d), (e) or (f) or 19 (2) (b); or
(c) an instrument specified or described in the certificate is a relevant instrument,
and such certificate is, in all