Where:
(a) before the commencement, the former Commission had referred an industrial dispute to a Local Industrial Board within the meaning of the previous Act for investigation and report under section 44 of that Act; and
(b) the Local Industrial Board had not reported to the former Commission before the commencement;
the new Commission may, after the commencement:
(c) at any time revoke the reference; or
(d) rely on any report given to it by the Local Industrial Board as if it were a report received under section 130 of the Industrial Relations Act.