Document ID: chunk:federal_register_of_legislation:C2014C00581:section:29:p1
Version: federal_register_of_legislation:C2014C00581
Segment Type: section
Provision Reference: s 29 (pt 1/2)
Character Range: 47944–50939

29  Transfer of assets and assumption of liabilities by the Commissions
 (1) On, or as soon as practicable after, the commencing day:
 (a) the Minister shall transfer or cause to be transferred to the Australian Postal Commission such of the assets owned by Australia and held or used in connexion with, or arising from, the undertakings of the Postmaster‑General's Department or the Postal and Telecommunications Department as are, in the opinion of the Minister, appropriate to be used by that Commission in connexion with the performance of its functions;
 (b) the Minister shall transfer or cause to be transferred to the Australian Telecommunications Commission such of the assets owned by Australia and held or used in connexion with, or arising from, the undertakings of the Postmaster‑General's Department or the Postal and Telecommunications Department as are, in the opinion of the Minister, appropriate to be used by that Commission in connexion with the performance of its functions;
 (c) the Australian Postal Commission is, by force of this section, liable to pay, satisfy, observe, perform and discharge the debts, liabilities and obligations of Australia connected with assets transferred to that Commission under paragraph (a) or otherwise connected with, or arising from, the provision of postal services by Australia; and
 (d) the Australian Telecommunications Commission is, by force of this section, liable to pay, satisfy, observe, perform and discharge the debts, liabilities and obligations of Australia connected with any assets transferred to that Commission under paragraph (b) or otherwise connected with, or arising from, the provision of telecommunications services by Australia.
 (2) The Australian Postal Commission shall indemnify Australia, and keep Australia indemnified, from and against all actions, claims, demands, proceedings, suits, damages, expenses and costs that may be brought against, or incurred by, Australia at any time for or in respect of a debt, liability or obligation that the Commission is liable to pay, satisfy, observe, perform or discharge under paragraph (1)(c).
 (3) The Australian Telecommunications Commission shall indemnify Australia, and keep Australia indemnified, from and against all actions, claims, demands, proceedings, suits, damages, expenses and costs that may be brought against, or incurred by, Australia at any time for or in respect of a debt, liability or obligation that the Commission is liable to pay, satisfy, observe, perform or discharge under paragraph (1)(d).
 (4) An authorized officer shall, upon application by a person who satisfies the authorized officer that the person has good reason for requiring a certificate under this subsection, by writing under the authorized officer's hand, certify whether a specified asset of a kind referred to in paragraph (1)(a) or (b) has been transferred to the Australian Postal Commission, has been transferred to the Australian Telecommunications Commission or has