(1) Nothing in this Division prevents the Minister, if a licence is cancelled, revoked or taken to have been revoked, or is suspended, from authorising a person to complete the conduct of any totalizator betting that was in the course of being conducted when the licence was cancelled, revoked or taken to have been revoked, or was suspended.
(2) In that event--(a) the person so authorised is taken to be the licensee under the cancelled, revoked or suspended licence, and(b) the cancelled, revoked or suspended licence is, for the purposes of enabling the completion of the totalizator betting, taken not to have been cancelled, revoked or suspended.