48ATerritory savings and transition

48A Territory savings and transition

(1) Unless the contrary intention appears, an association incorporated under the repealed Ordinance before 1 July 1992 is taken to be an association incorporated under this Act. (2) If, immediately before 1 July 1992: (a) a right of an association incorporated under the repealed Ordinance arising out of a debt, liability or obligation of any person in favour of the association existed; or (b) a debt, liability or obligation of the association in favour of another person existed; then, unless the contrary intention appears, the right, debt, liability or obligation of the association continues in force as if the repealed Ordinance had not been repealed. (3) If a person was employed immediately before 1 July 1992 by an association incorporated under the repealed Ordinance then, on and after that date, the person is taken to be employed by the association on the same terms and conditions as applied to the person immediately before that date.