(1) The Treasury or the Secretary of State may by regulations make the provision in subsection (2) in consequence of any provision made by or under this Act.

(2) The provision referred to in subsection (1) is provision amending, repealing, revoking or applying with modifications any provision of primary or secondary legislation to which this section applies.

(3) This section applies to primary and secondary legislation passed or made -

(a) before the passing of this Act, or

(b) on or before the last day of the session in which this Act is passed.

(4) Regulations under this section -

(a) may make saving, transitory or transitional provision;

(b) may make different provision for different purposes.

(5) The power to make regulations under this section is exercisable by statutory instrument.

(6) A statutory instrument containing regulations under this section -