Commonwealth Numbered Acts

CIVIL AVIATION LEGISLATION AMENDMENT ACT 1995 No. 82 of 1995 - SECT 9

9.(1) Subject to this section, the assets and liabilities of CAA become the
assets and liabilities of AA at the commencing time.

(2) If an asset or liability is identified in a written determination that is
made by an authorised person and takes effect at the commencing time, the
asset or liability becomes an asset or liability of CASA at the commencing
time.

(3) If:

   (a)  an asset or liability has become an asset or liability of AA or CASA
        under subsection (1) or (2), or by a previous application of this
        subsection; and

   (b)  the asset or liability is identified in a written determination by an
        authorised person that:

        (i)    is made after the commencing time; and

        (ii)   states that the asset or liability is to become an asset or
               liability of AA or CASA at a time specified in the
               determination; the asset or liability becomes an asset or
               liability of AA or CASA, as the case may be, at the time
               specified in the determination.

(4) A transfer effected by this section is not a disposal of an asset for the
purposes of Part IIIA of the Income Tax Assessment Act 1936.