The Minister for Finance may, by written notice given to the Commission, direct the Commission to sell or transfer a specified asset of the Commission.

The direction may impose on the Commission requirements that are ancillary or incidental to the sale or transfer, including (but not limited to) any of the following requirements:

(a) a requirement that the sale or transfer must be to a specified person;

(b) a requirement that the sale or transfer must be completed before a specified time;

(c) a requirement that the sale or transfer must be undertaken in a specified manner;

(d) in the case of a sale—a requirement that the asset must be sold for a price that is within a specified range;

(e) in the case of a sale—a requirement that the asset must be marketed, and that the sale must be undertaken, through a specified agent.

The Commission must comply with the direction.

This section does not limit section 67AE or 67AF.

The Minister for Finance may, by writing, make any or all of the following declarations in relation to an asset of the Commission:

(a) a declaration that a specified asset vests in a specified person 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 a specified person as if a reference in the instrument to the Commission were a reference to the person;

(c) a declaration that a specified person becomes the Commission’s successor in law in relation to a specified asset immediately after the asset vests in the person.

A declaration under subsection (1) has effect accordingly.

(3) A copy of a declaration under subsection (1) is to be published in the Gazette within 14 days after the making of the declaration.

Subsection (1) does not prevent the Commission from transferring an asset to a person otherwise than under that subsection unless the transfer would be contrary to a declaration made under that subsection.

The Minister for Finance may, by writing, declare that the Commission’s rights and obligations under a specified contract to which the Commission is a party:

(a) cease to be rights and obligations of the Commission at a specified time; and

(b) become rights and obligations of a specified person at that time.

The Minister for Finance may, by writing, declare that a specified contract continues to have effect after a specified time as if a reference in the contract to the Commission were a reference to a specified person.

The Minister for Finance may, by writing, declare that a specified instrument relating to a specified contract continues to have effect after the Commission’s rights and obligations under the contract become rights and obligations of a specified person, as if a reference in the instrument to the Commission were a reference to the person.

The Minister for Finance may, by writing, declare that a specified person becomes the Commission’s successor in law, in relation to the Commission’s rights and obligations under a specified contract, immediately after the Commission’s rights and obligations under the contract become rights and obligations of the person.

(5) A declaration under this section has effect accordingly.

(6) A copy of a declaration under this section is to be published in the Gazette within 14 days after the making of the declaration.

This section does not, by implication, limit section 67AE.

The Minister for Finance may, by writing, make any or all of the following declarations in relation to a liability of the Commission other than a Commonwealth guaranteed liability:

(a) a declaration that a specified liability ceases to be a liability of the Commission and becomes a liability of a specified person 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 a specified person as if a reference in the instrument to the Commission were a reference to the person;

(c) a declaration that a specified person becomes the Commission’s successor in law in relation to a specified liability immediately after the liability becomes a liability of the person.

A declaration under subsection (1) has effect accordingly.

(3) A copy of a declaration under subsection (1) is to be published in the Gazette within 14 days after the making of the declaration.

The Minister for Finance may, by written notice, declare that specified Commonwealth guaranteed liabilities of the Commission cease to be liabilities of the Commission and become liabilities of the Commonwealth on a specified day.

A declaration under subsection (1) has effect accordingly.

The Treasurer may authorise the payment of money to discharge the Commonwealth guaranteed liabilities that become liabilities of the Commonwealth, whether by ending those liabilities or otherwise.

The Consolidated Revenue Fund is appropriated for payments under this section.

A declaration may be made under this Division, whether or not the declaration is associated with the giving of consideration.

This section is enacted for the avoidance of doubt.

The Minister for Finance may, by written notice given to the Commission, direct the Commission to enter into specified contracts.

The direction may impose on the Commission requirements that are ancillary or incidental to the contract, including (but not limited to) either or both of the following requirements:

(a) a requirement that the contract must be with a specified person;

(b) a requirement that the contract must be entered into before a specified time.

The Commission must comply with the direction.

The Minister for Finance may, by writing, make any or all of the following declarations in relation to an asset that has vested in the Commonwealth under section 67AE:

(a) a declaration that a specified asset vests in a specified person 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 a specified person as if a reference in the instrument to the Commonwealth were a reference to the person;

(c) a declaration that a specified person becomes the Commonwealth’s successor in law in relation to a specified asset immediately after the asset vests in the person.

A declaration under subsection (1) has effect accordingly.

(3) A copy of a declaration under subsection (1) is to be published in the Gazette within 14 days after the making of the declaration.

Subsection (1) does not prevent the Commonwealth from transferring an asset to a person otherwise than under that subsection.

This section applies to a contract where rights and obligations under the contract became rights and obligations of the Commonwealth under section 67AF.

The Minister for Finance may, by writing, declare that the Commonwealth’s rights and obligations under a specified contract:

(a) cease to be rights and obligations of the Commonwealth at a specified time; and

(b) become rights and obligations of a specified person at that time.

The Minister for Finance may, by writing, declare that a specified contract continues to have effect after a specified time as if a reference in the contract to the Commonwealth were a reference to a specified person.

The Minister for Finance may, by writing, declare that a specified instrument relating to a specified contract continues to have effect, after the Commonwealth’s rights and obligations under the contract become rights and obligations of a specified person, as if a reference in the instrument to the Commonwealth were a reference to the person.

The Minister for Finance may, by writing, declare that a specified person becomes the Commonwealth’s successor in law, in relation to the Commonwealth’s rights and obligations under a specified contract, immediately after the Commonwealth’s rights and obligations under the contract become rights and obligations of the person.

(6) A declaration under this section has effect accordingly.

(7) A copy of a declaration under this section is to be published in the Gazette within 14 days after the making of the declaration.

This section does not, by implication, limit section 67AM.

This section applies to a liability that became a liability of the Commonwealth under section 67AG.

The Minister for Finance 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 a specified person 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 a specified person as if a reference in the instrument to the Commonwealth were a reference to the person;

(c) a declaration that a specified person becomes the Commonwealth’s successor in law in relation to a specified liability immediately after the liability becomes a liability of the person.

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.

A declaration may be made under this Division, whether or not the declaration is associated with the giving of consideration.

This section is enacted for the avoidance of doubt.

The Minister for Finance may, by written notice given to the Commission, direct that, if the Commission receives any consideration in respect of:

(a) the sale or transfer by the Commission of a specified asset; or

(b) the transfer of the Commission’s rights and obligations under a specified contract;

the Commission must pay to the Commonwealth a specified amount. The amount specified must not be more than the amount of the consideration.

The Commission must comply with the direction.

This section does not, by implication, limit section 57.

Subject to subsection (2), stamp duty or other tax is not payable under a law of the Commonwealth, a State or a Territory in respect of:

(a) an exempt matter; or

(b) anything done (including a transaction entered into or an instrument made, executed, lodged or given) because of, or for a purpose connected with or arising out of, an exempt matter.

The Minister for Finance may, by written notice, declare that subsection (1) does not apply in respect of a specified exempt matter.

A declaration under subsection (2) has effect accordingly.

In this section:

exempt matter means:

(a) the sale or transfer by the Commission of an asset in accordance with a direction under section 67AD; or

(b) an agreement relating to a sale or transfer covered by paragraph (a); or

(c) the receipt of money by the Commission, or by a person acting on behalf of the Commission, in respect of a sale or transfer covered by paragraph (a); or

(d) a transfer under section 67AE, 67AF or 67AG; or

(e) an agreement relating to a transfer covered by paragraph (d); or

(f) the receipt of money by the Commission, or by a person acting on behalf of the Commission, in respect of a transfer covered by paragraph (d); or

(g) the entering into of a contract by the Commission under section 67AK or in accordance with a direction under section 67AL; or

(h) the receipt of money by the Commission, or by a person acting on behalf of the Commission, in respect of a contract covered by paragraph (g); or

(i) a transfer under section 67AM, 67AN or 67AP; or

(j) an agreement relating to a transfer covered by paragraph (i); or

(k) the receipt of money by the Commonwealth, or by a person acting on behalf of the Commonwealth, in respect of a transfer covered by paragraph (i); or

(l) the sale or transfer by the Commonwealth of an asset that has vested in the Commonwealth under section 67AE; or

(m) an agreement relating to a sale or transfer covered by paragraph (l); or

(n) the receipt of money by the Commonwealth, or by a person acting on behalf of the Commonwealth, in respect of a sale or transfer covered by paragraph (l); or

(o) the entering into of a contract by the Minister for Finance for the sale of shares referred to in section 67AZN; or

(p) the receipt of money by the Minister for Finance, or by a person acting on behalf of the Minister for Finance, in respect of a contract covered by paragraph (o).

This section applies to a contractual right or obligation or other liability of the Commission other than a liability to which section 67AU applies.

The Minister for Finance may, on the Commonwealth’s behalf, enter into an agreement to take over a contractual right or obligation or other liability to which this section applies.

This section applies to a liability of the Commission under a borrowing transaction.

The Treasurer may, on the Commonwealth’s behalf, enter into an agreement to take over a liability to which this section applies.

(3) For the purposes of this section, a borrowing transaction is:

(a) a loan; or

(b) any other transaction that gives rise to a borrowing.

(4) For the purposes of this section, borrowing includes borrowing, or otherwise raising money, by dealing in securities.

For the purposes of this section, the obtaining of credit is taken to be a borrowing of an amount equal to the value of the credit obtained.

The Commission may, on the Commission’s own initiative, assist the Commonwealth in connection with the implementation of this Part.

A Commissioner may, on his or her own initiative, assist the Commonwealth or the Commission in connection with the implementation of this Part.

The Commission must, when requested in writing by the Minister for Finance to do so, assist the Commonwealth in connection with the implementation of this Part. The assistance is to be given within the period, and in the form and manner, specified in the request.

A Commissioner must, when requested in writing by the Minister for Finance to do so, assist the Commonwealth or the Commission in connection with the implementation of this Part. The assistance is to be given within the period, and in the form and manner, specified in the request.

To avoid doubt, the giving of assistance as mentioned in subsection (1), (2), (3) or (4) or the making of a request under subsection (3) or (4) does not result in a contravention of, or give rise to a liability or remedy under a rule of common law or equity (other than a rule of administrative law).

The assistance mentioned in subsection 67AZ(1), (2), (3) or (4) may take the form of:

(a) the giving of information; or

(b) the giving of financial assistance; or

(c) the giving of a financial benefit to a related party; or

(d) the provision, by a Commissioner or by employees of the Commission, of facilities, information and other assistance in connection with the conduct of:

(i) a due diligence procedure or a similar process; or

(ii) a market briefing or a similar process; or

(e) the entering into of an agreement with the Commonwealth or the Commission.

Subsection (1) does not, by implication, limit the forms in which assistance may be given.

Section 67AZ does not, by implication, limit:

(a) the executive power of the Commonwealth to enter into an agreement; or

(b) the power of the Commission to enter into an agreement; or

(c) the capacity of the Commission or a Commissioner to enter into an agreement with the Commonwealth; or

(d) the capacity of a Commissioner to enter into an agreement with the Commission.

Section 67AZ extends to the giving of assistance outside Australia, whether or not in a foreign country.

This section applies to information obtained under section 67AZ.

The Commonwealth, the Commission, or an associated person, may use the information for a purpose in connection with the implementation of this Part.

The Commonwealth, the Commission, or an associated person, may disclose the information for a purpose in connection with the implementation of this Part.

To avoid doubt, the use or disclosure of information as mentioned in subsection (2) or (3) does not result in a contravention of, or give rise to a liability or remedy under a rule of common law or equity (other than a rule of administrative law).

In this section:

associated person means:

(a) a Minister; or

(b) an individual who holds an office under, or is employed by, the Commonwealth; or

(c) an officer or employee within the meaning of the Public Service Act 1922; or

(d) a person who performs services for or on behalf of the Commonwealth in connection with the implementation of this Part; or

(e) a Commissioner; or

(f) an officer or employee of the Commission; or

(g) a person who performs services for or on behalf of the Commission in connection with the implementation of this Part.

The Minister for Finance may, on behalf of the Commonwealth, enter into an agreement with a person relating to the protection of information:

(a) that is obtained under section 67AZ; and

(b) the publication of which might be expected to prejudice substantially a person’s commercial interests.

An agreement under subsection (1) may be enforced as if it were a contract.

Subsection (1) does not, by implication, limit the executive power of the Commonwealth to enter into agreements.

The Commission may enter into an agreement with a person relating to the protection of information:

(a) that is obtained under section 67AZ; and

(b) the publication of which might be expected to prejudice substantially a person’s commercial interests.

An agreement under subsection (4) may be enforced as if it were a contract.

Subsection (4) does not, by implication, limit the power of the Commission to enter into agreements.

If a person has engaged, is engaging or is proposing to engage in any conduct in contravention of this Part, the Federal Court may, on the application of the Minister for Finance, grant an injunction:

(a) restraining the person from engaging in the conduct; and

(b) if, in the court’s opinion, it is desirable to do so—requiring the person to do something.

Performance injunctions

If:

(a) a person has refused or failed, or is refusing or failing, or is proposing to refuse or fail, to do an act or thing; and

(b) the refusal or failure was, is, or would be, a contravention of this Part;

the Federal Court may, on the application of the Minister for Finance, grant an injunction requiring the person to do that act or thing.

If an application is made to the court for an injunction under section 67AZD, the court may, before considering the application, grant an interim injunction restraining a person from engaging in conduct of a kind referred to in that section.

No undertakings as to damages

The court is not to require an applicant for an injunction under section 67AZD, as a condition of granting an interim injunction, to give any undertakings as to damages.

The power of the court under this Division to grant an injunction restraining a person from engaging in conduct of a particular kind may be exercised:

(a) if the court is satisfied that the person has engaged in conduct of that kind—whether or not it appears to the court that the person intends to engage again, or to continue to engage, in conduct of that kind; or

(b) if it appears to the court that, if an injunction is not granted, it is likely that the person will engage in conduct of that kind—whether or not the person has previously engaged in conduct of that kind and whether or not there is an imminent danger of substantial damage to any person if the person engages in conduct of that kind.

Performance injunctions

The power of the court under this Division to grant an injunction requiring a person to do an act or thing may be exercised:

(a) if the court is satisfied that the person has refused or failed to do that act or thing—whether or not it appears to the court that the person intends to refuse or fail again, or to continue to refuse or fail, to do that act or thing; or

(b) if it appears to the court that, if an injunction is not granted, it is likely that the person will refuse or fail to do that act or thing—whether or not the person has previously refused or failed to do that act or thing and whether or not there is an imminent danger of substantial damage to any person if the person refuses or fails to do that act or thing.

This section applies if:

(a) any right, title or interest in particular land vests in a person under section 67AE or 67AM; and

(b) there is lodged with a land registration official a certificate that:

(i) is signed by the Minister for Finance, or a person authorised by the Minister for Finance, in writing, for the purposes of this section; and

(ii) identifies the land, whether by reference to a map or otherwise; and

(iii) states that the right, title or interest has become vested in the person under section 67AE or 67AM, as the case requires.

The land registration official may:

(a) register the matter in a way that is the same as, or similar to, the way in which dealings in land of that kind are registered; and

(b) deal with, and give effect to, the certificate.

A document that appears to be a certificate under subsection (1) is taken to be such a certificate, and to have been properly given, unless the contrary is established.

This section applies if:

(a) an asset other than land vests in a specified transferee under section 67AE or 67AM; and

(b) there is lodged with an assets official a certificate that:

(i) is signed by the Minister for Finance, or a person authorised by the Minister for Finance, in writing, for the purposes of this section; and

(ii) identifies the asset; and

(iii) states that the asset has become vested in the specified transferee under section 67AE or 67AM, as the case requires.

The assets official may:

(a) deal with, and give effect to, the certificate as if the certificate were a proper and appropriate instrument for transactions in relation to assets of that kind; and

(b) make such entries in the register as are necessary having regard to the effect of section 67AE or 67AM.

A document that appears to be a certificate under subsection (1) is taken to be such a certificate and to have been properly given unless the contrary is established.

In this section:

assets official means the person or authority who, under a law of the Commonwealth, a State or a Territory, has responsibility for keeping a register in relation to assets of the kind concerned.

The Minister may, by written notice, enter into one or more agreements on behalf of the Commonwealth, with South Australia that:

(a) terminates or varies the agreements contained in any of the following Acts:

(i) Port Augusta to Whyalla Railway Agreement Act 1970;

(ii) Tarcoola to Alice Springs Railway Act 1974;

(iii) Railways Agreement (South Australia) Act 1975;

(iv) Railway Agreement (Adelaide to Crystal Brook Railway) Act 1980; or

(b) provides for the transfer to South Australia of the whole or any part of land owned by the Commission or the Commonwealth that is located in South Australia and that is used for purposes related to railways; or

(c) provides for matters that are incidental to transfers covered by paragraph (b); or

(d) provides for matters that are incidental to the purposes of this Part; or

(e) authorises the performance and observance by the Commonwealth and by the Commission of the new agreements.

The Minister may, by written notice, enter into one or more agreements on behalf of the Commonwealth, with Tasmania that:

(a) terminates or varies the agreement contained in the Railways (Tasmania) Act 1975; or

(b) provides for the transfer to Tasmania of the whole or any part of land owned by the Commission or the Commonwealth that is located in Tasmania that is used for purposes related to railways; or

(c) provides for matters that are incidental to transfers covered by paragraph (b); or

(d) provides for matters that are incidental to the purposes of this Part; or

(e) authorises the performance and observance by the Commonwealth and by the Commission of the new agreements.

(3) A notice by the Minister under subsection (1) or (2) is a disallowable instrument for the purposes of Acts Interpretation Act 1901.section 46A of the

If:

(a) apart from this section, the operation of this Part would result in the acquisition of property from a person otherwise than on just terms; and

(b) the acquisition would be invalid because of paragraph 51(xxxi) of the Constitution;

the Commonwealth is liable to pay compensation of a reasonable amount to the person in respect of the acquisition.

If the Commonwealth and the person do not agree on the amount of the compensation, the person may institute proceedings in the Federal Court for the recovery from the Commonwealth of such reasonable amount of compensation as the Court determines.

Any damages or compensation recovered, or other remedy given, in a proceeding begun otherwise than under this section must be taken into account in assessing compensation payable in a proceeding begun under this section and arising out of the same event or transaction.

In this section:

acquisition of property has the same meaning as in paragraph 51(xxxi) of the Constitution.

just terms has the same meaning as in paragraph 51(xxxi) of the Constitution.

This section applies if, as a result of a declaration made by the Minister for Finance under this Act, a person (the successor) becomes the successor in law of another person (the original person) at a particular time in relation to a particular asset, liability, right, benefit or obligation.

If any proceedings to which the original person was a party:

(a) were pending in any court or tribunal immediately before that time; and

(b) related, in whole or in part, to the asset, liability, right, benefit or obligation, as the case may be;

then, unless the Minister for Finance otherwise determines in writing in relation to the proceedings, the successor is, by force of this subsection, substituted for the original person as a party to the proceedings to the extent to which the proceedings relate to the asset, liability, right, benefit or obligation, as the case requires.

The Minister for Finance may, by writing, delegate to:

(a) the Secretary to the Department of Finance; or

(b) the Chief Executive of the Office of Asset Sales; or

(c) a person holding or performing the duties of a Senior Executive Service office (whether or not in the Department of Finance);

all or any of the functions and powers conferred on the Minister for Finance by this Part.

In this section:

Senior Executive Service office has the same meaning as in the Public Service Act 1922.

(1) This Part does not authorise a Commonwealth record (within the meaning of the Archives Act 1983) to be transferred or otherwise dealt with except in accordance with the provisions of that Act.

(2) A Commonwealth record (within the meaning of the Archives Act 1983) must not be transferred to a person under this Part unless the Australian Archives has given permission under paragraph 24(2)(b) of the Archives Act 1983 or the record is covered by a determination under section 29 of that Act.

This Act binds the Crown in right of the Commonwealth, of each of the States, of the Australian Capital Territory, of the Northern Territory and of Norfolk Island.

This Act does not make the Crown liable to be prosecuted for an offence.

The protection in subsection (2) does not apply to an authority of the Crown.

Subsections (1) and (2) have effect subject to section 6AA (which deals with directions to the Commission).

4 After section 6

Insert:

The Minister may, by written notice given to the Commission, give directions to the Commission about the performance of the Commission’s functions or the exercise of the Commission’s powers.

A direction under subsection (1) may be given for the purposes of winding down the various activities of the Commission and, in particular, a direction may:

(a) require the Commission to:

(i) cease to perform a specified function; or

(ii) cease to exercise a specified power; or

(b) impose restrictions or conditions on:

(i) the performance by the Commission of a specified function; or

(ii) the exercise by the Commission of a specified power.

A direction under subsection (1) may make provision for or in relation to a matter by conferring a power of the Commission on the Minister.

Subsections (2) and (3) do not, by implication, limit subsection (1).

The Commission must comply with a direction under subsection (1).

(6) A copy of a direction under subsection (1) is to be published in the Gazette within 14 days after the giving of the direction.

5 Subsection 18(1)

Omit “subsections 19(3) and 55(3)”, substitute “section 6AA, subsection 55(3) and Part VA”.

6 Section 19

Repeal the section.

7 Section 20

Repeal the section.

8 Subsection 21(1)

After “this section”, insert “, section 6AA”.

9 Subsection 21(1)

Omit “, 19(3)”.

10 Subsections 24(1) and (2)

Repeal the subsections, substitute:

The Commission consists of the following Commissioners:

(a) the Chairman of the Commission;

(a) the Deputy Chairman of the Commission;

(b) the Managing Director of the Commission;

(c) such number of other Commissioners as the Minister appoints.

The Commissioners (other than the Managing Director) are to be appointed by the Minister by written instrument. The appointment takes effect from the day specified in the instrument.

The Commissioners (other than the Managing Director) hold office during the Minister’s pleasure.

11 Section 25

Repeal the section.

12 Section 32

Repeal the section.

13 Subsection 34(6)

Omit “4 Commissioners constitute a quorum”, substitute “a quorum is constituted by half of the Commissioners”.

14 Section 36C

Repeal the section, substitute:

The Minister for Finance may give the Commission a written direction requiring the Commission to pay a specified amount to the Commonwealth before a specified time.

The Commission must comply with a direction under subsection (1).

18 Subsection 62(1)

Omit “The Commission”, substitute “Subject to subsections (3) and (4), the Commission”.

19 At the end of section 62

Add:

The Minister for Finance may give the Commission a written direction requiring the Commission not to enter into a loan.

The Commission must comply with a direction under subsection (3).

20 Subsection 63(1)

Omit “incurred by it under section 62”, substitute:

incurred by it:

(a) under a borrowing made under section 62; or

(b) under any other contract, arrangement, agreement or obligation.

21 Subsection 63(2)

After “under section 62”, insert “or under any other contract, arrangement, agreement or obligation”.

22 Section 74

After “contrary,”, insert “other than a law that specifically relates to the safety in the operation of railways,”.

23 After section 74

Insert:

The Commission, in operating railways, is subject to any law of a State or Territory that specifically relates to the safety in the operation of railways.

Subject to subsection (3), a person who operates a railway that was previously operated by the Commission is, in operating the railway, subject to all laws of a State or Territory that relate to the operation of railways.

(3) The Minister may, by written notice published in the Gazette, declare that specified laws of a State or Territory that relate to the operation of railways do not apply to a specified person who operates a railway that was previously operated by the Commission.

A declaration under subsection (3) must specify the period during which it has effect. The period must end no later than 6 months after the Commission ceases to operate the railway concerned.

A declaration made under subsection (3) has effect accordingly.

1 The whole of the Act

Repeal the Act.

2 Definitions

In this Schedule:

repeal day means the day on which this item commences.

residual assets means:

(a) any legal or equitable estates or interests in real or personal property, including contingent or prospective ones; and

(b) any rights, privileges and immunities including contingent or prospective ones;

of the Commission immediately before the repeal day.

residual instruments means instruments that are in force immediately before the repeal day:

(a) to which the Commission is a party; or

(b) that were given to, by or in favour of the Commission; or

(c) in which a reference is made to the Commission; or

(d) under which any money is or may become payable, or any other property is to be, or may become liable to be, transferred, conveyed or assigned, to or by the Commission.

residual liability means liabilities and duties of the Commission, including contingent and prospective ones, immediately before the repeal day.

3 Residual assets and liabilities to become Commonwealth assets and liabilities

By force of this item, all the residual assets of the Commission cease to be assets of the Commission and become assets of the Commonwealth on the repeal day.

By force of this item, all residual liabilities of the Commission cease to be liabilities of the Commission and become liabilities of the Commonwealth on the repeal day.

A residual instrument continues to have effect on and after the repeal day as if a reference in the instrument to the Commission were a reference to the Commonwealth.

4 Provisions continue to apply

In spite of the repeal of the Australian National Railways Commission Act 1983 by this Schedule, that Act continues to apply in relation to residual assets and residual liabilities as if those residual assets and residual liabilities were assets and liabilities transferred to the Commonwealth under section 67AE or 67AG of that Act.

4A Registration of transfers after repeal

Despite the repeal of the Australian National Railways Commission Act 1983 by this Schedule, section 67AZJ of that Act continues to apply, in relation to any right, title or interest in land that vested in a person under section 67AE or 67AM of that Act before its repeal, as if the repeal had not happened.

5 Pending proceedings

If, immediately before the repeal day, proceedings to which the Commission was a party are pending in a court, then, on and after the repeal day, the Commonwealth is substituted for the Commission in the proceedings and has the same rights and obligations as the Commission would have had in the proceedings.

6 The whole of the Act

Repeal the Act.

Port Augusta to Whyalla Railway Act 1970

7 The whole of the Act

Repeal the Act.

8 The whole of the Act

Repeal the Act.

9 The whole of the Act

Repeal the Act.

10 The whole of the Act

Repeal the Act.

11 The whole of the Act

Repeal the Act.

1 Paragraph (k) of Schedule 2

Omit “Australian National Railways Commission”.

2 Schedule

Omit “6. Australian National Railways Commission”.

3 Part I of Schedule 2

Omit “Australian National Railways Commission”.

4 Schedule 2

Omit “Australian National Railways Commission Act 1983”.

5 Schedule 3

Omit “Australian National Railways Commission”.

6 Subsection 10(5)

Repeal the subsection.

7 Schedule 2

Omit “Australian National Railways Commission”.

8 Paragraphs 14(g) and (h)

Repeal the paragraphs.

9 Transitional—agreement

After the commencement of this item, the Northern Territory Acceptance Act 1910 applies as if paragraphs (1)(g) and (h) of the Agreement set out in the Schedule to that Act were omitted.

10 Section 3 (definition of Commonwealth rail freight agreement)

Omit “, the Australian National Railways Commission, or any other”, substitute “or any”.

11 Section 3 (paragraph (b) of the definition of eligible party)

Repeal the paragraph.

12 Section 3 (paragraph (c) of the definition of eligible party)

Omit “other”.

13 Subsection 9(5)

Omit “the Australian National Railways Commission, or of any other”, substitute “or any”.

14 Subsection 9(5)

Omit “that Commission or”, substitute “that”.

15 Subsection 14(3)

Omit “the Australian National Railways Commission or any other”, substitute “any”.

16 Schedule

Omit “Australian National Railways Commission”.

17 Subsection 128A(4) (paragraph (j) of the definition of prescribed Commonwealth authority)

Repeal the paragraph.

18 Subsection 47(2)

Repeal the subsection.

19 Subsection 47(6)

Repeal the subsection.

20 Subsection 92(2)

Repeal the subsection.