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Article 16 Continuity of measures etc

Original text. Later amendments are not shown.

(1)

Measures taken, arrangements made, terms and conditions imposed, indemnities given and all other things done before commencement by a former manager in the exercise of functions, powers or duties conferred on the former manager by a former scheme continue to have effect.

(2)

The scheme manager has all the functions, powers and duties of a former manager in relation to the measures and other things referred to in paragraph (1).