Commonwealth Consolidated Acts Commonwealth Consolidated ActsWhere an R&D Corporation ceases to exist as a result of the repeal of regulations made under section 8 declaring the establishment of the Corporation, all the agreements and instruments to which the Corporation was a party immediately before the cessation have effect, after the cessation, as if:
(a) the Commonwealth were substituted for the Corporation as a party to the agreement or instrument; and
(b) any reference in the agreement or instrument to the Corporation were (except in relation to matters that occurred before the cessation) a reference to the Commonwealth.