(1) Save as provided in paragraph 2, the following shall, on the transfer date, transfer to and vest in the Auditor General for Wales —
(a) all property, rights and liabilities to which the Comptroller and Auditor General was entitled or subject immediately before that date in relation to the premises at 3-4 Park Place, Cardiff, CF10 3DP leased to the Comptroller and Auditor General on 27 th August 2002 by Hollybush Properties Limited (“the NAO Cardiff office ”), including all fixtures, fittings and trade fixtures at, in or on the NAO Cardiff office;
(b) the property in, and all rights and liabilities to which the Comptroller and Auditor General was entitled or subject immediately before that date in respect of, personal or other moveable property at, in or on the NAO Cardiff office; and
(c) the property in, and all rights and liabilities to which the Comptroller and Auditor General was entitled or subject immediately before that date in respect of, personal or other moveable property not included in sub-paragraph (b) and provided by the Comptroller and Auditor General for the use of those of his staff whose principal place of employment was, until immediately before that date, the NAO Cardiff office.
(2) The property mentioned in paragraph (1) shall not include any rights or liabilities of the Comptroller and Auditor General under any contract for the supply, use or maintenance of any information technology programmes.
(3) No right of pre-emption, forfeiture, reverter or similar right is to become exercisable as a result of a transfer of property under paragraph (1).