Commonwealth Numbered Acts

COMMONWEALTH FUNCTIONS (STATUTES REVIEW) ACT 1981 No. 74 of 1981 - SECT 24

24. After the rights, property or assets referred to in sub-paragraph 22 (2)
(b) (i) or sub-section 23 (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 Trust was a party at the time immediately before the
transfer took place, have effect as if -

   (a)  that person were substituted for the Trust as a party to each
        contract; and

   (b)  any reference in such a contract to the Trust were (except in relation
        to matters that occurred before that time) a reference to that person,
        and the Trust ceases to be a party to the contracts.