If the Minister so declares in writing, a specified contract or other instrument:
(a) to which the Commonwealth or the Commonwealth Government is a party; and
(b) that related to an asset immediately before the transfer of that asset under this Act;
has effect after the transfer as if, to the extent to which the contract or instrument so relates:
(c) the Authority were substituted for the Commonwealth or the Commonwealth Government as a party; and
(d) any reference to the Commonwealth or the Commonwealth Government were, in relation to matters occurring after the transfer, a reference to the Authority.