(1) A person who, immediately before the commencement, held under the original Act the office of Chancellor, Pro - Chancellor, Vice - Chancellor or Deputy Vice - Chancellor (in this section called the previous office ) is taken to have been, on the commencement, duly appointed under Part 2 to:
(a) the office of Chancellor; or
(b) the office of Pro - Chancellor; or
(c) the office of Vice - Chancellor; or
(d) an office of Deputy Vice - Chancellor;
(as the case may be).
(2) A person is taken to have been so appointed:
(a) for a period equal to the remainder of the term of his or her appointment to the previous office; and
(b) subject to the terms and conditions that were, immediately before the commencement, applicable to that appointment.