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423: Final reports and accounts
or “The Authority must give the Minister a final report about what they did and how they spent money before they close down.”
You could also call this:

“Any mention of the Authority in official documents now means the chief executive instead.”

When you see the word “Authority” in any official document that was in effect right before this section started, you should now think of it as meaning the “chief executive” instead. This applies to all kinds of documents like agreements, deeds, forms, and notices.

To make it really clear, from now on, when you read about the Authority in the Building Act 1991, you should understand it to mean the chief executive. The Building Act 1991 should be thought of as if it’s been changed to let the chief executive do all the jobs, duties, and use all the powers that the Authority used to have. This will keep going until the old Act is replaced by section 415.

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Next up: 425: Proceedings of Authority

or “The Crown can take over and handle any legal cases involving the Authority, even if they started before or after this rule was made.”
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Part 5 Miscellaneous provisions
Transitional provisions: Dissolution of Authority

424References to Authority

  1. Unless the context otherwise requires, every reference to the Authority in any enactment, agreement, deed, instrument, application, notice, or other document in force immediately before the commencement of this section must, on and after that commencement, be read with all necessary modifications as a reference to the chief executive.

  2. To avoid doubt, on and after the commencement of this section,—

  3. a reference to the Authority in the Building Act 1991 must be read as a reference to the chief executive; and
    1. the Building Act 1991 must be read with all necessary modifications to enable the chief executive to perform the functions and duties, and exercise the powers, of the Authority until the repeal of that Act under section 415.