(1) Upon commencement of this Act—
(a) all lands and other property vested immediately before the commencement of this Act in the Saint Lucia Port Authority are hereby transferred to and vested in the Authority without further assurance;
(b) all lands of the Crown within the boundaries of the airports and such warehouses, buildings, machinery, plant tools and other property within the boundaries of the airports as were the property of the Crown immediately before the commencement of this Act are hereby transferred to and vested in the Authority without further assurance.
(2) All rights, privileges and advantages and all the obligations to which, immediately before the commencement of this Act the Saint Lucia Port Authority was entitled or subject to as the case may be, are hereby transferred to and conferred or imposed on the Authority for the purposes of this Act.
(3) All rights, privileges and advantages and all the obligations to which, immediately before the commencement of this Act the Government was entitled or subject to, as the case may be, in respect of its responsibility for the airports are hereby transferred to and conferred or imposed on the Authority for the purposes of this Act.
(4) A reference in any deed, contract, bond or security or other document subsisting immediately before the commencement of this Act against or in favour of the Saint Lucia Port Authority or of the Government in respect of its responsibility for any airport shall have full force and effect against or in favour of the Authority and be enforceable as fully and effectually as if, instead of the Saint Lucia Port Authority or the Government or any person acting on behalf thereof, the Authority had been named therein and had been a party thereto.
(5) The Authority may, with the approval of the Minister, sell, transfer, or dispose of any secondary asset as it deems necessary.
(Amended by Act 8 of 2006)