Where, at the expiration of the day immediately preceding the commencing day, the repealed Officers' Rights Declaration Act 1928 applied in relation to a person who was at that time the Director or a member of the staff of the Institute, that Act continues, on and after the commencing day, by force of this section, to apply in relation to that person as if the repealed Act had not been repealed but that person had on the first - mentioned day resigned his office or resigned from his employment with the Institute, as the case may be.