2.—(1) All land held by NCVQ and SCAA immediately before the effective date shall on the effective date vest in accordance with the provisions of this article.
(2) With the exception of the land described in Part I of Schedule 1 to this Order, the land to which paragraph (1) relates shall vest in QCA.
(3) The land described in Part I of Schedule 1 to this Order shall vest in ACCAC.
(4) Subject to paragraph (5), any rights and liabilities of NCVQ and SCAA in respect of any land referred to in paragraph (1) shall transfer with that land.
(5) Any right or liability of NCVQ to make or receive any payment in respect of the land to which paragraph (3) relates which accrued before the effective date shall transfer to QCA.