(1) This section applies to the vesting under a transfer order of the ownership or management of—
(a) a vehicle; or
(b) a recreational vessel.
(2) If, immediately before the vesting of the ownership or management of the vehicle or recreational vessel, the transferor was the owner or manager of that vehicle or recreational vessel, then on and after the transfer date—
(a) the transferee is taken to be the owner or manager of that vehicle or recreational vessel (as the case requires); and
(b) the transferee has the same rights and remedies in relation to that vehicle or recreational vessel that the transferor had.
(3) This section applies despite anything to the contrary in any other Act or law (other than the Charter of Human Rights and Responsibilities).
(4) This section does not limit the generality of this Division.