On the first commencement day—
(a) the Transport Infrastructure Development Agent is abolished and the person appointed to be the member constituting the Transport Infrastructure Development Agent under section 48 goes out of office; and
(b) all property, rights and liabilities of the Transport Infrastructure Development Agent immediately before its abolition become property, rights and liabilities of the Crown.
Division 4—Public Transport Development Authority
S. 300 inserted by No. 49/2019 s. 64.