(1) This section applies to—
(a) a licence or certificate issued; or
(b) a registration or notification effected; or
(c) an exemption granted; or
(d) any other thing done—
under or for the purposes of the old Act or the regulations under the old Act, that has effect immediately before the commencement of Part 1 of this Act.
(2) If, on that commencement, there is a provision in this Act or the regulations that requires or allows a corresponding thing to be done, the thing—
(a) is taken to have been done, on and after that commencement, under or for the purposes of that provision; and
(b) is subject to any limitations or conditions that applied immediately before that commencement.
(3) This section has effect subject to anything to the contrary in this Division or this Act.