14Savings and transitional provisions

14 Savings and transitional provisions

(1)  A person holding office as a member of the Tasmanian Community Fund Board under the repealed Act immediately before the commencement of this Act continues to hold that office, unless he or she is removed from office or vacates that office under this Act, for the remainder of the period specified in his or her instrument of appointment.

(2)  The accounts and records kept by the Tasmanian Community Fund Board under the repealed Act that are in existence immediately before the commencement of this Act are taken, on and after that commencement, to be accounts and records kept by the Board under this Act.

(3)  All rights, obligations or liabilities acquired, accrued or incurred by the Tasmanian Community Fund Board under the repealed Act that are subsisting immediately before the commencement of this Act are, on and after that commencement, taken to be rights, obligations and liabilities acquired, accrued or incurred by the Board under this Act.

(4)  Any contract, agreement, deed, arrangement or understanding entered into by the Tasmanian Community Fund Board under the repealed Act, if not executed, discharged or otherwise terminated before the commencement of this Act, is taken to be a contract, agreement, deed, arrangement or undertaking entered into by the Board under this Act.

(5)  Any legal or other proceedings that might, before the commencement of this Act, have been continued or instituted by the Tasmanian Community Fund Board under the repealed Act may, on and after that commencement, be continued or instituted by or against the Board under this Act.