(1) This section applies to a declaration that:
(a) was in force under subsection 290(2) of the Telecommunications Act 1991 immediately before 1 July 1997; and
(b) declared a person to be the universal service carrier for a particular area.
(2) The Telecommunications Act 1997 has effect as if:
(a) the declaration were a declaration under subsection 150(2) of that Act stating that the person is the regional universal service provider for that area; and
(b) the declaration had been made immediately before 1 July 1997.
(3) For the purposes of this section, it is to be assumed that section 150 of the Telecommunications Act 1997 had commenced immediately before 1 July 1997.