New South Wales Consolidated Acts New South Wales Consolidated ActsWhen any part of the business undertaking is transferred by an order to which this Division applies, the following provisions have effect (subject to the order directing the transfer):
(a) the assets of the transferor comprised in that part of the undertaking vest in the transferee by virtue of this section and without the need for any conveyance, transfer, assignment or assurance,
(b) the rights and liabilities of the transferor comprised in that part of the undertaking become by virtue of this section the rights and liabilities of the transferee,
(c) all proceedings relating to that part of the undertaking pending by or against the transferor are taken to be proceedings pending by or against the transferee,
(d) any act, matter or thing done or omitted in relation to that part of the undertaking by, to or in respect of the transferor is (to the extent that that act, matter or thing has any force or effect) taken to have been done or omitted by, to or in respect of the transferee.