186Abolition of WRR Groups

186 Abolition of WRR Groups

(1) On the commencement day—

(a) each WRR Group is abolished; and

(b) each board is abolished; and

(c) a person holding office as a member of a board ceases to hold office.

(2) On the commencement day—

(a) the Crown is the successor in law of a WRR Group; and

(b) all rights, property and assets that immediately before that day were vested in a WRR Group, by force of this section, vest in the Crown; and

(c) all debts, liabilities and obligations of a WRR Group become, by force of this section, debts, liabilities and obligations of the Crown; and

(d) the Crown, by force of this section, is substituted as a party to any proceeding pending in any court or tribunal to which a WRR Group was a party immediately before the commencement day and the Crown has the same rights in the proceeding as a WRR Group; and

(e) the Crown, by force of this section, is substituted as a party to any arrangement or contract entered into by or on behalf of a WRR Group as a party and in force immediately before that day.