Queensland Consolidated Acts Queensland Consolidated Acts(1) On the commencement—
(a) anything that was an asset or liability of a former control body immediately before the commencement becomes an asset or liability of the new control body; and
(b) an agreement or arrangement in force immediately before the commencement between a former control body and another entity is taken to be an agreement or arrangement between the new control body and the other entity; and
(c) any property that was, immediately before the commencement, held by a former control body on trust or subject to conditions continues to be held by the new control body on the same trusts or subject to the same conditions.
(2) The registrar of titles or other person responsible for keeping a register for dealings in property must, if asked by the new control body, record the vesting of property under this section in the new control body.