(1) A safety management and mitigation plan that is a condition of a licence of an electricity entity under the Electricity Reform Act 2000 immediately before the commencement is taken to be a safety management and mitigation plan approved by the Electrical Safety Regulator under section 77 of this Act.
(2) The dates for assessment and expiry of approval for a safety management and mitigation plan referred to in subsection (1) after the commencement are to be calculated from the days the plan was last assessed and approved respectively.