Commonwealth Consolidated Acts

AUSTRALIAN INDUSTRY DEVELOPMENT CORPORATION ACT 1970 - SECT 29C

             (1)  The Minister may, by notice published in the Gazette , determine:

                     (a)  that specified assets of the Corporation are non‑transferring assets;

                     (b)  that specified liabilities of the Corporation are non‑transferring liabilities;

                     (c)  that specified non‑transferring liabilities are non‑reimbursable liabilities;

                     (d)  that specified instruments to which this Part applies are non‑transferring instruments; or

                     (e)  that specified instruments to which this Part applies are joint instruments.

             (2)  Where the Minister determines that specified instruments to which this Part applies are joint instruments, the Minister shall, in the same Gazette notice, determine in relation to each of those instruments:

                     (a)  which references (if any) in the instrument to the Corporation are to have effect as if they were references to the receiving subsidiary; and

                     (b)  which references (if any) in the instrument to the Corporation are to have effect as if they included references to the receiving subsidiary.