(1) The prohibitions in this Act apply to a dealing with a GMO by a person at a particular time during the transition period (the dealing time ) with the modifications set out in subsection ( 2), if:
(a) immediately before the commencement of Part 4 of this Act, an advice to proceed was in force in relation to the dealing with the GMO by the person; and
(b) the advice to proceed is in force at the dealing time; and
(c) the dealing is in accordance with the advice to proceed.
(2) Unless the dealing is a notifiable low risk dealing, an exempt dealing or a dealing on the GMO Register:
(a) the advice to proceed is taken for the purposes of this Act to be a GMO licence; and
(b) the holder of the advice to proceed is taken to be the licence holder; and
(c) the licence is taken to be subject to any conditions to which the advice to proceed is subject; and
(d) the licence is taken to remain in force for the period ending at the earliest of the following times:
(i) the time when the advice to proceed expires;
(ii) the end of the transition period;
(iii) when the licence is cancelled under section 68 or surrendered under section 69.
"advice to proceed" means an advice to proceed issued by the Genetic Manipulation Advisory Committee, in accordance with Guidelines issued by that Committee.
"transition period" means the period of 2 years beginning at the commencement
of Part 4 of this Act.