—(1) As from 1st December 2009 —
such movable and immovable property vested in the Government as may be determined by the Minister for Finance and used or managed by the Private Education Division of the Ministry of Education (referred to in this Division as the transferred Division); and
all assets, interests, rights, privileges, liabilities and obligations of the Government relating to the transferred Division,
shall be transferred to and shall vest in the Council without further assurance, act or deed.
(2) If any question arises as to whether any particular property, asset, interest, right, privilege, liability or obligation has been transferred to or vested in the Council under subsection (1), a certificate under the hand of the Minister for Finance shall be conclusive evidence that the property, asset, interest, right, privilege, liability or obligation was or was not so transferred or vested.
(3) Any immovable property to be transferred to and vested in the Council under subsection (1) shall be held by the Council upon such tenure and subject to such terms and conditions as the President may determine.
(4) Every agreement relating to any of the transferred properties to which the Government was a party immediately before 1st December 2009, whether or not of such nature that the rights and liabilities thereunder could be assigned, shall have effect as from that date as if —
the Council had been a party to such an agreement; and
for any reference to the Government there was substituted in respect of anything to be done on or after 1st December 2009 a reference to the Council.