79. (1) All rights and liabilities of the Tribunal arising by virtue of any contract or commitment (expressed or implied) entered into by the Tribunal before the commencement of this Part shall on the commencement of this Part stand transferred to the Board.

(2) Every right and liability transferred by subsection (1) to the Board may, on and after the commencement of this Part, be sued on, recovered or enforced by or against the Board in its own name, and it shall not be necessary for the Board, or the Tribunal, to give notice to the person whose right or liability is transferred by that subsection of such transfer.

(3) Every lease, licence, wayleave or permission granted by the Tribunal in relation to land or other property vested in the Board by or under this Part and in force immediately before the commencement of this Part, shall continue in force as if granted by the Board.