The repeals effected by sub section 3(1) of the Veterans ' Entitlements Act do not affect the powers or duties of the Commission as a trustee of a trust accepted by the Commission under section 114A of the Repatriation Act but, on and after the commencing date, section 201 of the Veterans ' Entitlements Act applies to and in relation to the trust as if the Commission had accepted the trust under that section.