Section 43: Savings and transitional provisions.

(1) The repeal of the Act under section 42 shall not affect anything done or purported to have been done under the repealed Act.
(2) The Managing Director and all staff of the Authority employed under the repealed Act, and existing before the commencement of this Act, shall continue in office and be deemed to have been appointed under this Act in accordance with the same terms and conditions.
(3) There is vested in the Authority all assets, funds, resources and other immovable property, which immediately before the commencement of this Act were vested in the Authority under the repealed Act.
(4) All rights, interests, obligations and liabilities of the Authority under the repealed Act existing immediately before the commencement of this Act under any contract or instrument, or in law or in equity shall by virtue of this Act be assigned to and vested in the Authority established under this Act.