If:
(a) before the commencement time, an application was made to the Council under section 82ZP of the National Health Act 1953 for approval of the transfer of the business of one or more funds; and
(b) as at the commencement time, the Council had not decided the application;
the application is taken, after the commencement time, to be an application to the Council under section 146 - 5 of the new Act for approval of the transfer.