Document ID: chunk:federal_register_of_legislation:C2011A00152:clause:2_20
Version: federal_register_of_legislation:C2011A00152
Segment Type: clause
Provision Reference: sch 2 cl 20
Character Range: 21510–22472

20  References in instruments to the Commonwealth or the ACRE Board
(1) This item applies to an instrument that:
 (a) is in force immediately before the first transition time; and
 (b) contains a reference to the Commonwealth or the ACRE Board.
(2) If the instrument:
 (a) is a transferred Commonwealth funding agreement; or
 (b) otherwise relates to an asset or liability that, as a result of the operation of item 3, becomes an asset or liability of ARENA;
then the reference to the Commonwealth or the ACRE Board has effect, at and after the first transition time, as if it were a reference to ARENA.
(3) If the instrument contains a reference to the ACRE Board and subitem (2) does not apply, then the reference to the ACRE Board has effect, at and after the first transition time, as if it were a reference to the Commonwealth.
(4) This item does not, by implication, prevent the instrument from being varied or terminated after the first transition time.