(1) Subject to subsection ( 3), any regulations made under the old Act and in force immediately before the commencement of this Act continue in force as if made under the new Act.
(2) A reference in a regulation so continued in force to a provision of the old Act is taken to be a reference to the corresponding provision in the new Act.
(3) This section does not apply to a regulation the making of which would not be authorised by the new Act.