Commonwealth Consolidated Acts

AIRPORTS (TRANSITIONAL) ACT 1996 - SECT 14

             (1)  This section applies to a liability of the FAC (other than a liability under a contract).

             (2)   The Minister for Finance may, by written instrument, make any or all of the following declarations:

                     (a)  a declaration that a specified liability ceases to be a liability of the FAC and becomes a liability of the Commonwealth;

                     (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 the FAC were a reference to the Commonwealth;

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

             (3)  A declaration under this section has effect accordingly.

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