(3) If a licence was
granted under section 43 of the repealed Act for the dam, on and from the
commencement—
(a) to the extent the licence relates to interfering with
water in a watercourse, the licence is taken to be a water licence under
chapter 2, part 6; and
(b) to the extent the licence relates to works, the
licence is taken to be a development permit; and
(c) the conditions about the
safety of the dam that applied to the licence are taken to be conditions of
the environmental authority issued under the Environmental Protection Act 1994or a development approval, if any, for the dam.