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DARWIN RECONSTRUCTION ACT 1975 No. 2 of 1975 - SECT 4
Duration.
4. (1) After the expiration of 5 years from the date of commencement of this
Act or after such date before that time as is fixed by Proclamation, the
Commission established by this Act shall not perform any of its functions or
exercise any of its powers except for the purposes of winding up its affairs.
(2) On a date to be fixed by Proclamation, not being earlier than the date on
which sub-section (1) becomes applicable to the performance of the functions
of the Commission, the Commission shall cease to exist.
(3) On the date fixed under sub-section (2)-
(a) any property or rights that, immediately before that date, were vested
in the Commission shall, by force of this section, be vested in
Australia; and
(b) any liabilities or obligations to which, immediately before that date,
the Commission was subject, shall, by force of this section, become
liabilities and obligations of Australia.
(4) If the Commission was a party to a contract or agreement immediately
before the date fixed under sub-section (2), the contract or agreement shall
continue in full force and effect but, in its operation on and after that
date, shall have effect as if-
(a) Australia were substituted for the Commission as a party to the
contract or agreement; and
(b) any reference in the contract or agreement to the Commission were a
reference to Australia.
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