(1) The first purpose of this regulation is to provide the opportunity to apply for a licence to a person who was undertaking 1 of the following kinds of dealings before 1 September 2011 that now requires a licence:
(a) an exempt dealing;
(b) a notifiable low risk dealing.
(2) Subject to subregulation (3), despite the amendments made to Schedules 2 and 3 by these Regulations:
(a) a dealing that was an exempt dealing immediately before 1 September 2011 continues to be an exempt dealing under the Act if the dealing is undertaken by the same person; and
(b) a dealing that was a notifiable low risk dealing immediately before 1 September 2011 continues to be a notifiable low risk dealing under Division 2 of Part 6 of the Act if the dealing is undertaken by the same person.
(3) Subregulation (2) ceases to apply on the earlier of:
(a) the day on which a licence is issued to the person for the dealing; and
(b) 1 September 2012.
(4) The second purpose of this regulation is to provide the opportunity to a person who was undertaking a dealing before 1 September 2011, that was then an exempt dealing but that is now likely to be a notifiable low risk dealing, to have a proposal assessed by an Institutional Biosafety Committee as to whether the dealing is a notifiable low risk dealing.
(5) Subject to subregulation (6), despite the amendments made to Schedules 2 and 3 by these Regulations, a dealing mentioned in subregulation (4) that was an exempt dealing immediately before 1 September 2011 continues to be an exempt dealing under the Act if the dealing is undertaken by the same person.
(6) Subregulation (5) ceases to apply on the earlier of:
(a) the day on which an Institutional Biosafety Committee assesses the dealing; and
(b) 1 September 2012.
(7) In this regulation:
"Act" means the Gene Technology Act 2000 .
"exempt dealing" has the meaning given by subsection 32 (3) of the Act.
"licence" means a licence under Part 5 of the Act.
"notifiable low risk dealing" means a dealing under Division 2 of Part 3 of the Gene Technology Regulations 2001 .