SCHEDULE 1 - Savings and Trans SCHEDULE 1 - Savings and Transitional Provisions Relating to Continuation of Forestry Corporation

Section 37

1.   Interpretation

In this Schedule –

commencement day means the day on which this Act commences.

2.   Transfer of property

For the avoidance of doubt, any estate or interest in land or other property and all rights, obligations and liabilities of the Forestry corporation that are subsisting immediately before the commencement day are, on that day, taken to vest in the Forestry corporation continued under this Act.

3.   Acts, &c., done by or to Forestry corporation

For the avoidance of doubt, all acts, matters and things done or omitted to be done by, or done or suffered in relation to, the Forestry corporation before the commencement day have, on and after that day, the same force and effect as if they had been done or omitted to be done by, or done or suffered in relation to, the Forestry corporation continued under this Act.

4.   Continuation of proceedings

For the avoidance of doubt, all legal or other proceedings that might, before the commencement day, have been continued or instituted by or against the Forestry corporation may, on and after that day, be continued or instituted by or against the Forestry corporation continued under this Act.

5.   Contracts, agreements, &c.

(1) For the avoidance of doubt, any contract, agreement, arrangement or undertaking entered into by the Forestry corporation in relation to land other than land referred to in Schedule 3 is, if not executed, discharged or otherwise terminated by the commencement day, taken to be a contract, agreement, arrangement or undertaking entered into with the Forestry corporation continued under this Act.

(2) Subclause (1) does not apply to any contract, agreement, arrangement or undertaking referred to in of .