Without prejudice to the generality of this Part and despite anything to the contrary in any other Act or law if, immediately before the relevant date, a transferor is, in relation to former transferor property, the registered proprietor of an interest in land under the Transfer of Land Act 1958 , then on and after that date—
(a) the transferee is to be taken to be the registered proprietor of that interest in land; and
(b) the transferee has the same rights and remedies in respect of that interest as the transferor had.
S. 287Q inserted by No. 85/2006 s. 120, amended by No. 17/2012 s. 49.