Commonwealth Consolidated Acts

TELECOMMUNICATIONS (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 1997 - SECT 7

  (1)   This section applies to an asset that was transferred to the ACA under subsection   6(2).

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

  (a)   a declaration that a specified asset vests in the Commonwealth at a specified time without any conveyance, transfer or assignment;

  (b)   a declaration that a specified instrument relating to a specified asset continues to have effect after the asset vests in the Commonwealth as if a reference in the instrument to the ACA were a reference to the Commonwealth;

  (c)   a declaration that the Commonwealth becomes the ACA's successor in law in relation to a specified asset immediately after the asset vests in the Commonwealth.

Note:   An asset 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.

  (4)   A time specified under subsection   ( 2) must be before 1   January 1998.