Section 13: Savings and transfer of liabilities, staff, etc.

(1) The statutory functions, rights, interests, obligations and liabilities of the fund existing before the commencement of this Act under any contract or instrument, or in law or in equity apart from any contract or instrument shall by virtue of this Act, be deemed to have been assigned to and vested in the Board established by this Act.
(2) Any such contract or instrument as is mentioned in subsection (1) of this section shall be of the same force and effect against or in favour of the Board and shall be enforceable as fully and effectively as if instead of that Fund, the Board had been named therein or had been a party thereto.
(3) The Board shall be subject to all the obligations and liabilities to which the fund was subject immediately before the commencement of this Act and all other persons shall have the same rights, powers and remedies against the Board as they had against the fund immediately before the commencement of this Act.
(4) Any proceedings pending or cause of action existing immediately before the commencement of this Act, by or against the fund, in respect of any right, interest, obligation or liability of the fund may be continued or as the case may be, commenced and any determination of a court of law, tribunal or before any other authority or person may be enforced by or against the Board to the same extent that such proceedings or cause of action or determination might have been continued, commenced or enforced by or against the fund established under the repealed Act.
(5) All assets, funds, resources and other movable or immovable property which immediately before the commencement of this Act, were vested in the fund established under the repealed Act shall by virtue of this Act and without further assurance, be vested in the Board.
(6) Any person who immediately before the coming into force of this Act is the holder of any office in the fund shall on the commencement of this Act, continue in office and be deemed to have been appointed to his office by the Board under this Act.