(1) Regulations made under this Act before the commencement of section 7A and in force immediately before that commencement continue in force as if that section had been in force when they were made.
(2) Subject to subsection (3):
(a) section 15B extends to proposals made before the commencement date; and
(b) section 15C extends to actions carried out before the commencement date; and
(c) section 15D extends to statements, declarations, demands, notices or requests, including offers and the acceptance of offers, made or given before the commencement date.
(3) Subsection (2) and Part 2A do not apply in relation to contracts formed before the commencement date.
(4) In subsections (2) and (3), commencement date means the date of commencement of Part 2A.