Commonwealth Numbered Acts

AIRPORTS (TRANSITIONAL) ACT 1996 No. 36 of 1996 - SECT 25

(1) This section applies to a liability that has become a liability of the
Commonwealth under section 14.

(2) The Minister for Finance may, by written instrument, declare that, in the
event that a specified company is granted an airport lease for a specified
airport under section 21 or 22 on a specified day, then, immediately after the
grant, a specified liability ceases to be a liability of the Commonwealth and
becomes a liability of the company.

(3) The Minister for Finance may, by written instrument, declare that, in the
event that a specified company is granted an airport lease for a specified
airport under section 21 or 22 on a specified day, a specified instrument
relating to a specified liability continues to have effect after the liability
becomes a liability of the company as if a reference in the instrument to the
FAC or the Commonwealth were a reference to the company.

(4) The Minister for Finance may, by written instrument, declare that, in the
event that a specified company is granted an airport lease for a specified
airport under section 21 or 22 on a specified day, the company becomes the
Commonwealth's successor in law in relation to a specified liability
immediately after the liability becomes a liability of the company.

(5) A declaration under this section has effect accordingly. Note: A liability
or instrument may be specified by name, by inclusion in a specified class or
in any other way.