Section 33: Repeals and transitional provisions

(1) The National Science and Technology Act and the National Science and Technology Fund Act are hereby repealed.
(2) Accordingly-
(a) any research and other institution, established under the National Science and Technology Act shall be deemed to be a research or other institution established under this Act;
(b) the Board of Trustees of the National Science and Technology Fund, established under the National Science and Technology Fund Act, is hereby dissolved and the Fund shall cease to exist.
(3) As from the commencement of this Act-
(a) all assets, funds, resources and other movable and immovable property which immediately before the commencement of this Act were vested in the Fund, shall by virtue of this Act and without further assurance be vested in the Agency;
(b) all documents and commercialisation projects, research grants and other contractual undertakings of the Board of Trustees of the Fund, dissolved by this Act shall, by virtue of this Act and without further assurance be vested in the Agency;
(c) the rights, interests, obligations and liabilities of the Fund existing immediately before the commencement of this Act under any contract or instrument or at law or in equity shall, by virtue of this Act, be assigned to and vested in the Agency;
(d) any contract or instrument, as is mentioned in paragraph (c) of this subsection, shall be of the same force and effect against or in favour of the Agency and shall be enforceable as fully and effectively as if, instead of the Fund, the said Agency had been named therein or had been a party thereto.
(4) Any proceeding or cause of action pending or existing or which could have been taken by or against the Fund, immediately before the commencement of this Act in respect of any right, interest, obligation or liability of the Fund, may be continued, enforced or taken by or against the Agency as if the Agency and not the Fund had been a party thereto.