68Commission is successor in law

68 Commission is successor in law (1) On the commencement of this Act— (a) all property, rights and assets of the Office of the Regulator-General are by virtue of this Act held by the Commission; (b) all liabilities of the Office of the Regulator-General are by virtue of this Act held by the Commission; (c) the Commission is the successor in law of the Office of the Regulator-General. (2) Where, immediately before the commencement of this Act, proceedings in respect of which the Office of the Regulator-General was a party were pending or existing in any court or tribunal, then, on and after that commencement, the Commission is substituted for the Office of the Regulator-General as a party to the proceedings and has the same rights and obligations in the proceedings as the Office of the Regulator-General. (3) On and after the commencement of this Act, any reference in any Act (other than this Act), regulation, subordinate instrument or other document whatsoever to— (a) the Office of the Regulator-General is to be construed as a reference to the Commission, unless the contrary intention appears; or (b) the **Office of the Regulator-General Act 1994** is to be construed as a reference tothis Act, unless the contrary intention appears. (4) No stamp duty or other tax is payable under any Act in respect of anything done under this section. (5) The Registrar of Titles, on being requested to do so and on delivery of any relevant certificate of title or instrument, must make any amendments in the Register that are necessary because of the operation of this section. S. 69 substituted by No. 21/2019 s. 20.