(1) Any contract,
agreement or other instrument subsisting immediately before the commencement
day —
(a) to
which the Trust was a party; or
(b)
which contains a reference to the Trust,
has effect on and
after the commencement day, to the extent to which the contract, agreement or
other instrument relates to the functions of the CEO under the amended Act, as
if —
(c) the
CEO were substituted for the Trust as a party to the agreement or instrument;
and
(d) any
reference in the contract, agreement or instrument were, unless the context
otherwise requires, amended to be or include a reference to the CEO.
(2) Nothing in this
section affects the operation of sections 11 or 23(a).
[Section 141 inserted: No. 6 of 2015 s. 48.]