Despite the provisions of the current Act, it is lawful for a person who at the proclaimed day holds a producer/wholesaler licence that before the proclaimed day was held as a spirit merchant’s licence to sell liquor under authority of the licence as conferred immediately before the proclaimed day, subject to—
(a) the terms and conditions specified in the licence; and
(b) the relevant provisions of the repealed Act, which for this purpose are to be taken as continuing in force;until—
(c) transfer of the licence; or
(d) if the holder of the licence is a body corporate—a change in the beneficial ownership of the controlling interest in the holder.