(1)

The Minister may, in writing, declare that the Commonwealth's rights and liabilities under a specified tourism trade mark contract:

(a) cease to be rights and liabilities of the Commonwealth on the proclamation day; and
(b) become rights and liabilities of Tourism Australia on that day.

(2)

The Minister may, in writing, declare that a specified tourism trade mark contract continues to have effect on and after the proclamation day as if a reference in the contract to the Commonwealth were a reference to Tourism Australia.

(3)

The Minister may, in writing, declare that a specified instrument relating to a specified tourism trade mark contract continues to have effect, after the Commonwealth's rights and liabilities under the contract become rights and liabilities of Tourism Australia, as if a reference in the instrument to the Commonwealth were a reference to Tourism Australia.

(4)

The Minister may, in writing, declare that Tourism Australia becomes the Commonwealth's successor in law, in relation to the Commonwealth's rights and liabilities under a specified tourism trade mark contract, when the Commonwealth's rights and liabilities under the contract become rights and liabilities of Tourism Australia.

(5)

A declaration under this section has effect accordingly.

(6)

This section does not, by implication, limit section 37 or 38.

Note: A contract or instrument may be specified by name, by inclusion in a specified class or in any other way.

(7)

In this section: