4. (1) Any assets that, immediately before the commencement date, were:

(a)

vested in TPC; or

(b)

held, on behalf of the Commonwealth, by PSA;

are, by force of this subregulation, vested in ACCC.

(2)

Any liabilities to which, immediately before the commencement date, TPC was subject, become, by force of this subregulation, liabilities of ACCC.

(3)

Any liabilities to which, immediately before the commencement date, PSA was subject, on behalf of the Commonwealth, become, by force of this subregulation, liabilities of ACCC.