(1) This section applies to a licence (however described) that—
(a) was granted under a law regulating the transport of dangerous goods made by a State that has passed or has indicated that it intends to pass a corresponding law; and
(b) was in force in the other State immediately before the commencement of the Act; and
(c) is a licence that may be granted under a provision of the law of the other State (the corresponding provision ) corresponding to a provision mentioned in section 249 (1) (c).
(2) Except for circumstances that do not exist in the ACT, the licence has effect for this regulation as if it were a licence granted by a corresponding authority under the corresponding provision.