Commonwealth Numbered Acts

COMMONWEALTH FUNCTIONS (STATUTES REVIEW) ACT 1981 No. 74 of 1981 - SECT 14

14. (1) Upon the commencing day -

   (a)  the Canberra Commercial Development Authority Ordinance 1974 and the
        Canberra Commercial Development Authority Amendment Ordinance 1977 of
        the Australian Capital Territory are repealed;

   (b)  any rights, property or assets that, immediately before that day, were
        vested in the Authority vest on that day, by force of this
        sub-section, in the Commonwealth; and

   (c)  the Commonwealth becomes, by force of this sub-section, liable to pay
        or discharge any debts, liabilities or obligations of the Authority
        that existed immediately before that day.

(2) Any contract to which the Authority was a party immediately before the
commencing day has effect on and after that day as if -

   (a)  the Commonwealth were substituted for the Authority as a party to the
        contract; and

   (b)  any reference in the contract to the Authority were (except in
        relation to matters that occurred before that time) a reference to the
        Commonwealth.

(3) If, immediately before the commencing day, proceedings to which the
Authority was a party were pending in any court, the Commonwealth is, on that
day, by force of this sub-section, substituted for the Authority as a party to
the proceedings and has the same rights in the proceedings as the party for
which it is substituted.