59Application—trader’s terms of trade

59 Application—trader’s terms of trade

(1) This clause applies in relation to a trader’s terms of trade to which Part 2 of the Schedule to the old regulations applied immediately before the repeal of the old regulations. (2) Part 2 of this code does not apply in relation to the trader’s terms of trade. (3) Despite the repeal of the old regulations, Part 2 of the Schedule to the old regulations as in force immediately before 1 April 2017, and any other provisions of those regulations necessary for the effectual operation of that Part, continue to apply in relation to the trader’s terms of trade, as if the repeal had not happened. (4) This clause ceases to apply in relation to a particular trader’s terms of trade: (a) on 1 April 2018; or (b) if the trader’s terms of trade are changed before 1 April 2018—when the change is made.