(1) This section applies if, before the commencement day—
(a) an application was—
(i) made, referred or transferred, to the credit tribunal (other than an application for disciplinary action) under a territory law; or
(ii) made to the credit tribunal to transfer a matter to a court under a territory law; and
(b) the tribunal had begun hearing but not decided the application.
(2) The old law continues to apply in relation to deciding the application.