(1) The changing of an Aboriginal and Torres Strait Islander corporation's name does not:
(a) create a new legal entity; or
(b) affect the corporation's existing property, rights or obligations; or
(c) render defective any legal proceedings by or against the corporation.
(2) Any legal proceedings that could have been continued or begun by or against the corporation in its former name may be continued or begun by or against it in its new name.