Commonwealth Numbered Acts

AIRPORTS (TRANSITIONAL) ACT 1996 No. 36 of 1996 - SECT 12

(1) This section applies to an asset of the FAC (other than land).

(2) The Minister for Finance may, by written instrument, make any or all of
the following declarations:

   (a)  a declaration that a specified asset vests in the Commonwealth without
        any conveyance, transfer or assignment;

   (b)  a declaration that a specified instrument relating to a specified
        asset continues to have effect after the asset vests in the
        Commonwealth as if a reference in the instrument to the FAC were a
        reference to the Commonwealth;

   (c)  a declaration that the Commonwealth becomes the FAC's successor in law
        in relation to a specified asset immediately after the asset vests in
        the Commonwealth.

(3) A declaration has effect accordingly. Note: An asset or instrument may be
specified by name, by inclusion in a specified class or in any other way.