(1) On and from the appointed day—
(a) a reference in the price determination to VCA, to the extent that that reference applies to the exercise by that body of functions or powers within the port of Melbourne, is deemed to be a reference to the Port of Melbourne Corporation; and
(b) any powers, functions, rights and liabilities of VCA under the price determination, to the extent that they relate to the port of Melbourne, become powers, functions, rights and liabilities of the Port of Melbourne Corporation.
(2) In this section "price determination" means the Price Determination for the Channels of the Ports of Melbourne and Geelong, as in force immediately before the appointed day, being the price determination—
(a) that was made by the Regulator-General under section 54 (as in force before the commencement of the Essential Services Commission Act 2001 ); and
(b) notice of the making of which was given in Special Government Gazette Number S99; and
(c) that came into operation on 3 July 2000; and
(d) that was continued in force under Part 8 of the Essential Services Commission Act 2001 .
S. 176A inserted by No. 85/2003 s. 22.