(1) A provision of a regulated contract or any other agreement is void to the extent that—
(a) it is contrary to or inconsistent with anything in this Act, the regulations, a code of practice or an order made by the Tribunal under Division 4 of Part 5; or
(b) it purports to exclude the application of provisions of this Act or the regulations.
(2) Despite sub-section (1), during the period of 6 months beginning on and including the commencement day, a provision of a regulated contract that is contrary to or inconsistent with a provision of Division 3 or 4 of Part 2 prevails to the extent of the inconsistency.
(3) In sub-section (2), "commencement day" means the day on which Division 3 of Part 2 comes into operation.