(1) The MRCC may, on its own motion, reconsider under section 62 of this Act a determination under the 1971 Act having effect immediately before the commencing day but not covered by subsection 129(1) and, for that purpose, section 62 of this Act applies as if:
(a) the person in respect of whom the determination was made were a claimant under this Act; and
(b) the determination were a determination by the MRCC within the meaning of Part VI of this Act.
(2) Part VI of this Act applies to a decision of the MRCC on a reconsideration of a determination mentioned in subsection (1) as if the decision were a reviewable decision by the MRCC within the meaning of that Part.