5. (1) Where, immediately before the commencement date, a person was, under the former Lunacy Act—
(a) a committee of another person; or
(b) a guardian of another person;
the first-mentioned person is, by force of this section, a guardian for the other person as if he or she had been so appointed under the Guardianship and Management of Property Act 1991 on the day when he or she became the committee or guardian, with the powers as guardian under that Act that he or she had under the former Lunacy Act.
(2) Where, immediately before the commencement date, a person was, under the former Lunacy Act—
(a) a committee of the estate of another person;
(b) a person appointed to undertake the care and management of another person's property;
(c) a person appointed as a guardian or receiver of another person's estate; or
(d) a person appointed to receive the property, or the proceeds of the property, of another person;
the first-mentioned person is, by force of this section, the manager of the relevant property of the other person as if he or she had been so appointed under the Guardianship and Management of Property Act 1991 on the day when he or she became the committee or was so appointed, with the powers as manager under that Act that he or she had under the former Lunacy Act.