Commonwealth Numbered Acts

HEARING SERVICES AND AGHS REFORM ACT 1997 No. 82 of 1997 - SECT 10

(1) This section applies to an asset of the Commonwealth that was used, is
used, or is proposed to be used, by the AGHS.

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

   (a)  a declaration that a specified asset vests in the nominated company at
        a specified time 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 nominated
        company as if a reference in the instrument to the Commonwealth were a
        reference to the nominated company;

   (c)  a declaration that the nominated company becomes the Commonwealth's
        successor in law in relation to a specified asset immediately after
        the asset vests in the nominated company. Note: An asset 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.

(4) A copy of a declaration under subsection (2) is to be published in the
Gazette within 14 days after the making of the declaration.

(5) A time specified under paragraph (2)(a) must be a time when the nominated
company is Commonwealth-owned.

(6) Subsection (2) does not prevent the Commonwealth from transferring an
asset to the nominated company otherwise than under that subsection.