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HEARING SERVICES AND AGHS REFORM ACT 1997 No. 82 of 1997 - SECT 12
12 Transfer of liabilities
(1) This section applies to a liability of the Commonwealth that related or
relates to the AGHS.
(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
the Commonwealth and becomes a liability of the nominated company at a
specified 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 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 liability immediately
after the liability becomes a liability of the nominated company.
(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. Note: A liability or instrument may be
specified by name, by inclusion in a specified class or in any other way.
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