(1) A law in force in the Territory immediately before 1 July 1992 is repealed unless it is specified in the Schedule.
(2) Subject to subsection ( 3), a law that is specified in the Schedule (including any instruments made under that law) as in force in the Territory immediately before 1 July 1992 continues to be in force in the Territory on and after that day.
(3) A law specified in the Schedule may be amended or repealed by an Ordinance.
(4) In this section:
"instruments" includes regulations, rules and by - laws.
"law" :
(a) includes a principle or rule of common law or equity; and
(b) does not include an Act.