Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts16. (1) A contract, agreement or arrangement entered into by the former corporation as a party and in force immediately before the commencement date continues in force and has effect, on and after that date, as if—
(a) the Board were substituted for the former corporation as a party to the contract, agreement or arrangement; and
(b) any reference in the contract, agreement or arrangement to the former corporation were (except in relation to matters that occurred before that date) a reference to the Board.
(2) A contract, agreement or arrangement continued in force by virtue of section 5 of the Australian Capital Territory Gaming and Liquor Authority (Repeal) Act 1990 and in force immediately before the commencement date continues in force and has effect on and after that date, as if—
(a) the Board were substituted for the former corporation as a party to the contract, agreement or arrangement; and
(b) any reference in the contract, agreement or arrangement that, by virtue of paragraph 5 (c) or (d) of that Act, was to be taken to be a reference to the Territory were (except in relation to matters that occurred before that date) a reference to the Board.