44 No. of 2013] Medicines and Allied Substances (2) The report referred to in subparagraph (1) shall include information on the financial affairs of the Authority and there shall be appended to that report— (a) an audited balance sheet; (b) an audited statement of income and expenditure; and (c) such other information as the Minister may require. (3) The Minister shall, not later than seven days after the first sitting of the National Assembly next after receipt of the report referred to in subparagraph (1), lay the report before the National Assembly. SECOND SCHEDULE (Section 68(2)) SAVINGS AND TRANSITIONAL PROVISIONS Staff of Authority 1. (1) For the avoidance of doubt, a person who, before the commencement of this Act, was an officer or employee of the former Authority, shall continue to be an officer or employee of the Authority, as the case may be, as if appointed or employed under this Act. (2) The service of the persons referred to in subparagraph (1) shall be treated as continuous service. (3) Nothing in this Act affects the rights and liabilities of any person employed or appointed by the former Authority before the commencement of this Act. Transfer of assets and liabilities 2. (1) On or after the commencement of this Act, there shall be transferred to, vest in and subsist against the Authority by virtue of this Act and without further assurance, all assets, rights and obligations which immediately before that date were the assets, rights, liabilities and obligations of the former Authority. (2) Subject to sub-paragraph (1), every deed,bond and agreement, other than an agreement for personnel service, to which the former Authority was a party immediately before the commencement of this Act whether or not of such a nature that rights, liabilities and obligations could be assigned, shall, unless its subject matter or terms make it impossible that it should have effect as modified, as provided under this paragraph, have effect as if— (a) the Authority had been party to it; (b) for any reference to the former Authority there was substituted, with respect to anything required to be done on or after the commencement of this Act, a reference to the Authority; or