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COMMONWEALTH FUNCTIONS (STATUTES REVIEW) ACT 1981 No. 74 of 1981 - SECT 11
Existing contracts
11. After the rights, property or assets referred to in sub-paragraph 9
(2)(b)(i) or sub-section 10 (2), as the case may be, are transferred to a
person in accordance with that sub-paragraph or sub-section, such contracts
(if any) as are specified in, or ascertained in accordance with, the
agreement, being contracts to which the Authority was a party at the time
immediately before the transfer took place, have effect as if -
(a) that person were substituted for the Authority as a party to each
contract; and
(b) any reference in such a contract to the Authority were (except in
relation to matters that occurred before that time) a reference to
that person, and the Authority ceases to be a party to the contracts.
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