Without prejudice to the generality of this Part and despite anything to the contrary in any other Act or law, if, immediately before the port authority abolition date, the port authority was the registered proprietor of an interest in land under the Transfer of Land Act 1958 , on and after the port authority abolition date—
(a) SEC is to be taken to be the registered proprietor of that interest in land; and
(b) SEC has the same rights and remedies in respect of that interest as the port authority had.
S. 159 substituted by No. 63/1997
s. 8.