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7. (1) Each record held, immediately before the coming into operation of this Part, by the Accountant under the Act of 1964 in relation to the accounts of the Fund shall, on such coming into operation, be transferred to the Bank and shall, on and after such coming into operation, be the property of the Bank and be regarded as being held by the Bank.
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(2) Each record held, immediately before the coming into operation of this Part, by the Accountant under the Act of 1964 in relation to applications to the High Court for approvals under section 3 of that Act and payments out of the Fund shall, on such coming into operation, be transferred to the State Claims Agency and shall, on and after such coming into operation, be the property of the State Claims Agency and be regarded as being held by the State Claims Agency.
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