16.—(1) As from 1st April 1992, all lands, buildings and other properties, movable or immovable, rights, interests, privileges, obligations and liabilities vested in, belonging to or incurred by the Vocational and Industrial Training Board shall be transferred to and vest in the Institute without further assurance.
(2) If any question arises as to which property, movable or immovable, has been transferred to and vested in the Institute under subsection (1), a certificate under the hand of the Minister shall be conclusive evidence of the vesting of that property in the Institute.