(1) The Office of the Regulator-General Act 1994 is repealed .
(2) Except as in this Act expressly or by necessary implication provided—
(a) all persons, things and circumstances appointed or created by or under the Office of the Regulator-General Act 1994 or existing or continuing under that Act or under relevant legislation immediately before the commencement of this Act shall under and subject to this Act continue to have the same status, operation and effect as they respectively would have had if this Act had not come into operation; and
(b) in particular and without affecting the generality of paragraph (a), this Act shall not disturb the continuity of, status, operation or effect of any Order, determination, declaration, notice, exemption, approval, appointment, authorisation, application, grant, revocation, suspension, condition, certificate, licence, permit, registration, contract, agreement, charge, consent, authority, proceeding, action, appeal, appeal panel, liability, right or other matter or thing made, done, effected, obtained, issued, granted, given, prescribed, fixed, accrued, incurred, acquired, existing or continuing before the commencement of this Act under the Office of the Regulator-General Act 1994 or under relevant legislation.