Western Australian Current Acts Western Australian Current Acts (1) If a transfer
order is made then, except as may be otherwise agreed between the corporation
and the assignee, at the transfer time —
(a) an
asset or liability of the corporation that is specified is, by operation of
this section, assigned to the assignee; and
(b) an
agreement or instrument that is specified has effect, by operation of this
section, as if, unless otherwise expressly specified, a reference to the
assignee were substituted for a reference to the corporation in the agreement
or instrument.
(2) In subsection (1)
—
specified means specified in the transfer order.