(1) The Foundation as
defined in section 3 is a continuation of, and the same legal entity as, the
TPC Act Foundation and on and after transition day —
(a) the
assets, rights and liabilities of or in relation to the TPC Act Foundation
continue as assets, rights and liabilities of or in relation to the Foundation
as defined in section 3; and
(b) any
proceedings that immediately before that day might have been brought or
continued by the TPC Act Foundation may be brought or continued by the
Foundation as defined in section 3; and
(c) any
remedy that immediately before that day is available against or to the TPC Act
Foundation is available against or to the Foundation as defined in section 3.
(2) On and after
transition day, any agreement, instrument or other document that contains a
reference to the TPC Act Foundation has effect as if the reference were to the
Foundation as defined in section 3, unless the context otherwise requires.