Commonwealth Consolidated Acts Commonwealth Consolidated ActsSubject to the regulations, each instrument (including a legislative instrument other than this Act) subsisting immediately before the succession day:
(a) to which a former telecommunications corporation was a party; or
(b) that was given to or in favour of such a corporation; or
(c) that refers to such a corporation; or
(d) under which:
(i) money is, or may become, payable to or by such a corporation; or
(ii) other property is to be, or may become liable to be, transferred to or by such a corporation;
continues to have effect according to its tenor on and after the succession day except that a reference in the instrument to a former telecommunications corporation is taken on and after that day to be a reference to Telstra.