(1) Swinburne University of Technology is declared to have been established on 1 July 1992.
(2) The University established in accordance with subsection (1) and as constituted under the Swinburne University of Technology Act 1992 as in force immediately before its repeal—
(a) continues in existence under this Act; and
(b) is a body politic and corporate by the name "Swinburne University of Technology".
(3) The University consists of—
(a) the Council; and
(b) the staff other than the staff of any class that is designated from time to time by the Council not to be staff for the purposes of this section; and
(c) the graduates; and
(d) the students; and
(e) the emeritus professors of the University.