(1) An exemption given to an organisation or an existing retirement village
under the repealed Act and in force at the commencement of this section
continues under this Act and is to be read with the changes necessary to adapt
its operation to the provisions of this Act.
(2) If the exemption operated to
exclude a person or retirement village from the operation of a provision of
the repealed Act, the exemption continues to operate to exclude the person or
village from the operation of a corresponding provision of this Act, other
than this provision.
(3) The exemption remains subject, after the
commencement, to any condition or time limitation that applied to the
exemption immediately before the commencement.
(4) The exemption expires 2
years after the commencement of this section.
(5) Despite subsections (1) to
(3), a regulation may prescribe provisions of this Act to which the exemption
does not apply.
