(1) An instrument that
provides for arrangements between different parts of the Authority’s
business and operations may be specified in a transfer order as if it created
contractual rights and liabilities.
(2) An instrument
specified as described in subsection (1) is to be regarded as if its
provisions were contractual provisions between different legal entities.
(3) The definitions of
liability and right in section 22 include contractual liabilities and rights
that are to be regarded as arising because of subsection (2), and those
liabilities and rights are accordingly assignable under this Division.
[Section 26 amended: No. 31 of 2003 s. 189(2).]