Without limiting this Division and despite anything to the contrary in any other Act or law if, immediately before the relevant date, the Port of Melbourne Corporation is, in relation to former Port of Melbourne Corporation property, the registered proprietor of an interest in land under the Transfer of Land Act 1958 , then on and after that date—
(a) the Port of Hastings Development Authority is to be taken to be the registered proprietor of that interest in land; and
(b) the Port of Hastings Development Authority has the same rights and remedies in respect of that interest as the Port of Melbourne Corporation had.
S. 217 inserted by No. 38/2011 s. 21.