(1) The regulations may make provisions of a transitional, application or saving nature in relation to any of the following:
(a) an employer ceasing to be a national system employer because subsection 14(2) applies to the employer;
(b) an individual ceasing to be a national system employee because an employer ceases to be a national system employer for the reason referred to in paragraph (a);
(c) an employer becoming a national system employer because subsection 14(2) ceases to apply to the employer;
(d) an individual becoming a national system employee because an employer becomes a national system employer for the reason referred to in paragraph (c).
(2) Without limiting subsection (1), regulations made for the purpose of that subsection may:
(a) modify provisions of this Act or the Transitional Act; or
(b) provide for the application (with or without modifications) of provisions of this Act, or the Transitional Act, to matters to which they would otherwise not apply.