8Powers of Company in respect of matters arising under this Act

8 Powers of Company in respect of matters arising under this Act

(1)  This section applies to –

(a) debts, money, claims, securities and charges relating to property that vests in the Company under this Act; and

(b) liabilities that become liabilities of the Company under this Act.

(2)  On and after the incorporation day, the Company may –

(a) in addition to pursuing any other remedies or exercising any other powers that may be available to it, pursue the same remedies for the recovery of debts, money and claims to which this section applies that are payable to, or recoverable by, the Trust and for the prosecution of proceedings relating to any such debts, money or claims as the Trust might have done but for the enactment of this Act; and

(b) enforce and realise any security or charge to which this section applies and which is existing immediately before the incorporation day in favour of the Trust and may exercise any powers conferred under the security or charge on the Trust as if it were a security or charge in favour of the Company.