Rural Assistance Act 1989

On and from the commencement of this clause, the following provisions have effect—

any money payable to the State Bank arising form an advance made, or from any agreement or other arrangement entered into, by the Bank—

under the Rural Assistance Act 1932 or under Division 2, 3 or 5 of Part 4 of the State Bank Act 1981, or

in exercising any other prescribed function,

any liquidated claim that, immediately before that commencement, was enforceable by or against the State Bank in respect of the exercise of the Bank’s functions under the Rural Assistance Act 1932 or Division 2, 3 or 5 of Part 4 of the State Bank Act 1981 or the exercise of any other prescribed function is enforceable by and against the Authority,

any proceeding pending immediately before that commencement at the suit of or against the State Bank in respect of the Bank’s functions under the Rural Assistance Act 1932 or Division 2, 3 or 5 of Part 4 of the State Bank Act 1981 or any other prescribed function is a proceeding pending at the suit of or against the Authority,

any act, matter or thing done or omitted to be done before that commencement by, to or in respect of the State Bank in respect of the exercise of the Bank’s functions under the Rural Assistance Act 1932 or Division 2, 3 or 5 of Part 4 of the State Bank Act 1981 or the exercise of any other prescribed function shall (to the extent that that act, matter or thing has any force or effect) be taken to have been done or omitted by, to or in respect of the Authority.

Any rights, property or interest of any farmer or other person arising out of assistance given by the State Bank under the Rural Assistance Act 1932 or Division 2, 3, 4 or 5 of Part 4 of the State Bank Act 1981 or in the exercise of any other prescribed function of the Bank is not affected by the repeal of those provisions or the enactment of this Act.