Planning Act 1999

On and from the commencement date:

all real and personal property that immediately before that date was vested in the former Authority vests in the Territory;

all money and liquidated and unliquidated claims that, immediately before that date, were payable to or recoverable by the former Authority are to be money and liquidated and unliquidated claims payable to or recoverable by the Territory;

all proceedings in a court commenced before that date:

by the former Authority and pending immediately before that date are to be taken to be proceedings pending on that date by the

Territory and may be continued in the name of the former Authority;

and

by any person against the former Authority and pending immediately before that date are to be taken to be proceedings pending on that date by that person against the Territory;

all contracts, agreements, arrangements and undertakings entered into with, and all securities lawfully given to or by, the former

Authority and in force immediately before that date are to be taken to be contracts, agreements, arrangements and undertakings entered into with and securities given to or by the Territory;

the Territory may, in addition to pursuing any other remedies or exercising any other powers that may be available to it, in its own name, pursue the same remedies for the recovery of money and claims referred to in this section and for the prosecution of actions and proceedings so referred to as the former Authority might have done but for the enactment of this Act;

the Territory may enforce and realise any security or charge existing immediately before that date in favour of the former

Authority and may exercise any powers thereby conferred on the former

Authority as if the security or charge were a security or charge in favour of the Territory;

all debts, money and claims, liquidated and unliquidated, that immediately before that date were due or payable by or recoverable against the former Authority, are to be debts due and payable by, money payable by and claims recoverable against, the Territory; and

all liquidated and unliquidated claims for which the former

Authority would, but for the commencement of this Act, have been liable are to be liquidated and unliquidated claims, as the case may be, for which the Territory is to be liable.