Document ID: chunk:federal_register_of_legislation:C2014A00077:clause:2_3
Version: federal_register_of_legislation:C2014A00077
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 37321–38128

3  Transfer of certain Commonwealth liabilities
(1) This item applies to a liability of the Commonwealth that was incurred before the transition time in connection with the performance of a function of the old Infrastructure Australia or the Infrastructure Coordinator.
(2) The Minister may, by legislative instrument, declare that a specified liability ceases to be a liability of the Commonwealth and becomes a liability of Infrastructure Australia, at the specified time, without any conveyance, transfer or assignment.
(3) If the Minister does so, Infrastructure Australia becomes the successor in law in relation to the specified liability at the specified time.
(4) This item does not prevent the Commonwealth from transferring a liability to Infrastructure Australia otherwise than under this item.