which former responsible entity is party (1) If the responsible entity of a
registered scheme changes, a document:
- (a)
- to which the former
responsible entity is a party, in which a reference is made to the former
responsible entity, or under which the former responsible entity has acquired
or incurred a right, obligation or liability, or might have acquired or
incurred a right, obligation or liability if it had remained the
responsible entity; and
- (b)
- that is capable of having effect after the change;
has effect as if the new responsible entity (and not the former responsible
entity) were a party to it, were referred to in it or had or might have
acquired or incurred the right, obligation or liability under it.
(2) Subsection (1) does not apply to a right, obligation or liability
that remains a right, obligation or liability of the former responsible entity
because of subsection 601FS(2).