Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies to an asset of the Commonwealth that is used, or proposed to be used, by the SMA.
(2) The Minister may cause to be transferred to the ACA any asset that the Minister considers appropriate to be transferred to the ACA for the performance of its functions and the exercise of its powers.
(3) Subsection ( 2) does not prevent the Commonwealth from transferring an asset to the ACA otherwise than under that subsection.
(4) If an asset is transferred to the ACA under subsection ( 2), the Minister may, by writing, declare that a specified instrument relating to the asset continues to have effect after the transfer as if a reference in the instrument to the Commonwealth were a reference to the ACA.
Note: An instrument may be specified by name, by inclusion in a specified class or in any other way.
(5) A declaration under subsection ( 4) has effect accordingly.