25A.— (1) Where, before the day on which this section comes into operation, the Minister has entered into any contract, agreement or arrangement with any person in respect of the provision by that person of a service commonly known as a money advice and budgeting service, and that contract, agreement or arrangement is in force immediately before the day on which this section comes into operation, the Minister may, as he or she sees fit, under his or her seal, transfer or assign his or her rights or liabilities arising under such contract, agreement or arrangement to the Board.

(2) Every right and liability transferred by subsection (1) to the Board may, on or after the day on which this section comes into operation, be sued on, recovered or enforced by or against the Board in its own name. ]