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TELECOMMUNICATIONS (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 1997 No. 59 of 1997 - SECT 29

29 Transfer of AUSTEL liabilities

(1) This section applies to a liability of AUSTEL.

(2) The Minister may, by writing, make any or all of the following
declarations:

   (a)  a declaration that a specified liability ceases to be a liability of
        AUSTEL and becomes a liability of the Commonwealth at the merging
        time;

   (b)  a declaration that a specified instrument relating to a specified
        liability continues to have effect after the liability becomes a
        liability of the Commonwealth as if a reference in the instrument to
        AUSTEL were a reference to the Commonwealth;

   (c)  a declaration that the Commonwealth becomes AUSTEL's successor in law
        in relation to a specified liability immediately after the liability
        becomes a liability of the Commonwealth. Note: A liability or
        instrument may be specified by name, by inclusion in a specified class
        or in any other way.

(3) A declaration under subsection (2) has effect accordingly. 


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