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South African Maritime Safety Authority Act, 1998 (Act No. 5 of 1998)

Chapter 5 : General Provisions

49. Substitution of Authority for State in certain contracts, etc.

 

If the Minister so declares in writing, a specified contract or other instrument to which the State or the Government is bound as a party, and that relates to an asset immediately before the transfer of that asset to the Authority under this Act, is regarded after the transfer, to the extent to which the contract or instrument so relates, as if—

(a) the State or the Government was replaced as a party by the Authority; and
(b) any reference to the State or the Government were, in relation to matters occurring after the transfer, a reference to the Authority.