(1) Rent is payable for a converted EL as follows:
(a) until the day on which the EL is renewed or ceases to be in force – as if the repealed Act were still in force;
(b) if the EL is renewed – in accordance with regulation 77.
(2) Rent is payable for any other converted mineral title in accordance with regulation 77 for an operational year that starts on or after the commencement day.