(1) The prohibitions in this Act apply to a dealing with a GMO by a person at a particular time during the transition period (the dealing time ) with the modifications set out in subsection (2), if:
(a) immediately before the commencement of Part 4 of this Act, an advice to proceed was in force in relation to the dealing with the GMO by the person; and
(b) the advice to proceed is in force at the dealing time; and
(c) the dealing is in accordance with the advice to proceed.
(2) Unless the dealing is a notifiable low risk dealing, an exempt dealing or a dealing on the GMO Register:
(a) the advice to proceed is taken for the purposes of this Act to be a GMO licence; and
(b) the holder of the advice to proceed is taken to be the licence holder; and
(c) the licence is taken to be subject to any conditions to which the advice to proceed is subject; and
(d) the licence is taken to remain in force for the period ending at the earliest of the following times:
(i) the time when the advice to proceed expires;
(ii) the end of the transition period;
(iii) when the licence is cancelled under section 68 or surrendered under section 69.
(3) In this section:
"advice to proceed" means an advice to proceed issued by the Genetic Manipulation Advisory Committee, in accordance with Guidelines issued by that Committee.
"transition period" means the period of 2 years beginning at the commencement of Part 4 of this Act.