63. (1) All rights and liabilities of the Authority arising by virtue of any contract or commitment, whether expressed or implied, subsisting immediately before the establishment day, and all obligations imposed on the Authority by virtue of an order of a court or tribunal, shall on that day be transferred to the Commission.

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

(3) Every lease, licence, wayleave or permission granted by the Authority in relation to land or other property vested in the Commission by or under this Act, and in force immediately before the establishment day, shall continue in force as if granted by the Commission.