Repeal the Part.

(1) For the purposes of this item, a pre-commencement reporting period is:

(a) a financial year that:
(i) began on or after 1 July 1997; and
(ii) ended before the commencement of this item; or
(b) if this item does not commence on a 1 July in any financial year—the period:
(i) beginning at the start of the financial year in which this item commenced; and
(ii) ending immediately before the commencement of this item.

(2) Despite the amendment made by item 1, clauses 14 and 15 of Schedule 1 to the Telecommunications Act 1997 continue to apply as if:

(a) each reference in those clauses to a financial year were a reference to a pre-commencement reporting period; and
(b) the amendment had not been made.