(1) On the commencement an existing approval is taken to be an approval of the
same type granted under chapter 8 of this Act.
(2) Subject to this Act, the
existing approval remains in force for the remaining period of the approval.
(3) Subsection (4) applies in relation to any transfer, amendment,
cancellation or suspension of an existing approval (the
"relevant action" ) the process for which has commenced but has not been
finalised under the repealed provision immediately before the commencement.