On and from the commencement of section 13 of the Melbourne Sports and Aquatic Centre (Amendment) Act 1999 —
(a) any lease or licence entered into by a committee of management in respect of the State Netball and Hockey Centre land and existing immediately before that commencement continues and has effect as if entered into by the Trust as lessor or licensor as the case requires; and
(b) the Trust is substituted as a party to any contract or agreement—
(i) entered into by a committee of management in respect of the State Netball and Hockey Centre or the State Netball and Hockey Centre land; and
(ii) existing immediately before that commencement.
S. 39
inserted by No. 60/1999 s. 18.