(1) For the purposes of a proceeding commenced before the transfer date to which VicFIC was a party immediately before that date, the State is substituted for VicFIC as a party to the proceeding.
(2) For the purposes of a proceeding not commenced before the transfer date and which could, if commenced after the date, be brought against VicFIC, or but for the commencement of section 20, could have been brought against VicFIC, the proceeding may instead be brought against the State.
(3) For the purposes of this section, evidence that would have been admissible for or against VicFIC is admissible for or against the State.
(4) This section does not apply to a proceeding for an offence.