(1) This section applies if an applied law ceases, or ceased, to have effect in relation to a place at a particular time because the place ceases, or ceased, to be a Commonwealth place at that time.
(2) The following things are not affected:
(a) the previous operation of the applied law before that time;
(b) any right, privilege, obligation or liability acquired, accrued or incurred under the applied law;
(c) any penalty, forfeiture or punishment incurred in respect of an offence against the applied law;
(d) any investigation, legal proceeding or remedy in respect of any right, privilege, obligation, liability, penalty, forfeiture or punishment referred to in paragraph ( b) or (c).
(3) Any penalty, forfeiture or punishment referred to in paragraph ( 2)(c) may be imposed as if the applied law had not ceased to have effect.
(4) An investigation, legal proceeding or remedy referred to in paragraph ( 2)(d) may be instituted, continued or enforced as if the applied law had not ceased to have effect.
(5) This section is not intended to affect the operation of a State law.