(f) is to be regarded as frustrating any contract; or (g) releases any surety or other obligee wholly or in part from any obligation. Division 5—Rights as between transferees 115 Interim arrangements (1) Each transferee of former port authority property S. 115(1) amended by or port property (the new body)— No. 63/1997 s. 7(4). S. 115(1)(a) (a) may, subject to any agreement to the amended by contrary, exercise such rights and privileges No. 63/1997 (including access to goods and services) in s. 7(4). relation to former port authority property or port property that has become property of another transferee as are reasonably necessary to enable the new body to carry out its functions in a manner similar to the manner in which the relevant port authority carried out corresponding functions before the relevant date; and (b) must, subject to any agreement to the contrary— (i) permit any other transferee to exercise S. 115(1)(b)(i) amended by such rights and privileges in relation to No. 63/1997 s. 7(4). former port authority property or port property that has become property of the new body; and (ii) make available to each other transferee S. 115(1)(b)(ii) amended by such goods and services as are available No. 63/1997 from that former port authority property s. 7(4). or port property— as are reasonably necessary to enable the other transferee to carry out its functions in a manner similar to the manner in which the relevant port
(f) is to be regarded as frustrating any contract; or (g) releases any surety or other obligee wholly or in part from any obligation. Division 5—Rights as between transferees 115 Interim arrangements S. 115(1) amended by No. 63/1997 s. 7(4). (1) Each transferee of former port authority property or port property (the new body)— S. 115(1)(a) amended by No. 63/1997 s. 7(4). (a) may, subject to any agreement to the contrary, exercise such rights and privileges (including access to goods and services) in relation to former port authority property or port property that has become property of another transferee as are reasonably necessary to enable the new body to carry out its functions in a manner similar to the manner in which the relevant port authority carried out corresponding functions before the relevant date; and (b) must, subject to any agreement to the contrary— S. 115(1)(b)(i) amended by No. 63/1997 s. 7(4). (i) permit any other transferee to exercise such rights and privileges in relation to former port authority property or port property that has become property of the new body; and S. 115(1)(b)(ii) amended by No. 63/1997 s. 7(4). (ii) make available to each other transferee such goods and services as are available from that former port authority property or port property— as are reasonably necessary to enable the other transferee to carry out its functions in a manner similar to the manner in which the relevant port
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