(1) The body corporate
constituted by the Minister and referred to in section 5 of the repealed Act
is preserved and continued in existence and is to be known by such designation
as is, from time to time, conferred on the Minister by the Governor under the
Constitution Acts Amendment Act 1899 .
(2) The corporate
identity and the rights, obligations and assets of the body corporate are not
affected by the repeal of the repealed Act.
(3) The body corporate
—
(a) has
perpetual succession;
(b) may
sue and be sued in its corporate name; and
(c) is
capable of doing and suffering all that bodies corporate may do and suffer.