After section 354--
insert--
'(1) This section applies to a fixed term agreement in force immediately before the commencement of this section.
'(2) This Act continues to apply to the agreement as if the amendment Act had not been enacted.
'(3) However, on 1 April 2009--
(a) subsection (2) stops having effect for the agreement; and
(b) this Act, as amended under the amendment Act, applies to the agreement.
'(4) In this section--
amendment Act means the Water and Other Legislation Amendment Act 2007.'.