Commonwealth Consolidated Acts

TELECOMMUNICATIONS (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 1997 - SECT 29

  (1)   This section applies to a liability of AUSTEL.

  (2)   The Minister may, by writing, make any or all of the following declarations:

  (a)   a declaration that a specified liability ceases to be a liability of AUSTEL and becomes a liability of the Commonwealth at the merging time;

  (b)   a declaration that a specified instrument relating to a specified liability continues to have effect after the liability becomes a liability of the Commonwealth as if a reference in the instrument to AUSTEL were a reference to the Commonwealth;

  (c)   a declaration that the Commonwealth becomes AUSTEL's successor in law in relation to a specified liability immediately after the liability becomes a liability of the Commonwealth.

Note:   A liability or instrument may be specified by name, by inclusion in a specified class or in any other way.

  (3)   A declaration under subsection   ( 2) has effect accordingly.