(1) This section applies to an amount forming part of a—
(a) perpetual care trust established for a facility under the repealed Act, section 9 (Establishment of perpetual care trusts); or
(b) perpetual care trust reserve established for a facility under the repealed Act, section 10 (Establishment of perpetual care trust reserve).
(2) On the commencement day, the amount is taken to be—
(a) for a facility operated by the authority—an amount forming part of the authority perpetual care trust established under this Act, section 103 (Authority perpetual care trust—establishment); and
(b) for a facility operated by a licensee other than the authority—an amount forming part of the licensee perpetual care trust for the licensee established under this Act, section 104 (Licensee perpetual care trust—establishment).