36Certain arrangements and agreements to continue in force

36 Certain arrangements and agreements to continue in force

An arrangement or agreement entered into on behalf of the Commonwealth by the Minister administering the Act or by an officer authorized by that Minister to act under section 7 of the Act, being an arrangement or agreement that was in force immediately before the commencing day, shall have effect, on and after the commencing day, as if‑ (a) the Corporation were substituted for the Commonwealth as a party to the arrangement or agreement; (b) any requirement in the arrangement or agreement for a matter to be determined by, or agreed to by, the Minister administering the Act were a requirement for that matter to be determined by, or agreed to by, the Corporation; and (c) any requirement in the arrangement or agreement that money be paid from the Research Account were a requirement that that money be paid from the funds of the Corporation.