(1) If an internal instrument is included in the Generation Business Register as one to which this regulation applies, on and after 1 July 2014 the instrument:
(a) applies to each of GenCorp and P&WCorp to the extent specified in the Generation Business Register as if it were a contract between them; and
(b) has effect as otherwise modified as specified in the Generation Business Register.
(2) In this regulation:
"internal instrument", see section 53C(1)(b) of the Act.