Document ID: chunk:federal_register_of_legislation:C2014A00101:clause:1_51
Version: federal_register_of_legislation:C2014A00101
Segment Type: clause
Provision Reference: sch 1 cl 51
Character Range: 22904–24358

51  Transitional—Nation Building Program Transport Development and Innovation Projects

Part 4 instruments
(1) An instrument in force under Part 4 of the old law immediately before the commencement of this item in relation to a project that was a Nation Building Program Transport Development and Innovation Project has effect, on and after that commencement, as if:
 (a) that project were a Transport Development and Innovation Project; and
 (b) that instrument were in force under Part 4 of the new law in relation to that Transport Development and Innovation Project.
(2) Subitem (1) does not prevent a variation or revocation of that instrument on or after the commencement of this item.

Funding agreement
(3) A funding agreement in force in relation to the Nation Building Program Transport Development and Innovation Project immediately before the commencement of this item has effect, on and after that commencement, as if it were a funding agreement in force in relation to the Transport Development and Innovation Project.
(4) Subitem (3) does not prevent a variation or termination of that agreement on or after the commencement of this item.

Funding conditions
(5) The conditions that applied under section 38 of the old law to a payment of Commonwealth funding for the Nation Building Program Transport Development and Innovation Project that was made before the commencement of this item continue to apply on and after that commencement.