(2) Notwithstanding the coming into force of subsection (1) of this section, sections 22 and 30 of the principal Act shall, so long as Ministers of the Crown continue to hold shares in New Zealand Liquid Fuels Investment Limited, continue to apply in relation to New Zealand Liquid Fuels Investment Limited as if it were a State enterprise and a company named in Schedule 2 to that Act.
(3) Notwithstanding the coming into force of subsection (1) of this section and whether or not all or any of the shares in New Zealand Liquid Fuels Investment Limited are held by Ministers of the Crown on behalf of the Crown, sections 23 to 29 of the principal Act and any Order in Council made at any time pursuant to any of those sections shall continue to apply after the coming into force of subsection (1) of this section as if—
(5) Sections 2, 3, 5, 6, and 7 of the State-Owned Enterprises Amendment Act (No 3) 1989 are hereby repealed.