Victoria University Act 2010

On and from the commencement date, the Council—

subject to paragraph (b), is taken to be the same body as it was immediately before that commencement, despite any changes to the constitution of the Council and no decision, matter or thing is to be affected because of those changes; and

continues in existence as if established under Division 2 of Part 2.

On and from the commencement date, all property vested in the Council under the old Act, including all money standing immediately before that date to the credit of a fund or account of the Council under the old Act and any other money belonging to the Council as at that date may, after that date, be used or invested by the Council in accordance with this Act.