(1)

This section applies if, as a result of a transfer made under this Part, Tourism Australia becomes the successor in law of the ATC at a particular time in relation to a particular asset or liability.

(2)

If any proceedings to which the ATC was a party:

(a) were pending in any court or tribunal immediately before that time; and
(b) related, in whole or in part, to the asset or liability;

then Tourism Australia is, by force of this subsection, substituted for the ATC as a party to the proceedings to the extent to which the proceedings relate to the asset or liability.