Commonwealth Consolidated Acts Commonwealth Consolidated ActsDespite section 58 of this Act, the money of the restructured body corporate may be applied:
(a) in payment or discharge of any expenses, charges, obligations or liabilities that were incurred or undertaken before the restructuring day by the old body corporate in connection with the performance of its functions or the exercise of its powers and were not paid or discharged before that day; and
(b) in payment of any remuneration or allowances the liability for which arose under Part IIIA of the Broadcasting Act 1942 but which had not been paid before the restructuring day.