Clause 27

All deeds, bonds, agreements, instruments and working arrangements, subsisting immediately before the date of the coming into operation of this Act, affecting the transferred undertaking or any employee of STB or TAS transferred to the service of the Authority under section 30 shall be of full force and effect against or in favour of the Authority, and enforceable as fully and effectually as if, instead of STB or TAS or any person acting on behalf of STB or TAS, the Authority had been named therein or had been a party thereto.