Anything done in the exercise of a power under a repealed enactment, and that is in effect immediately before that repeal, continues to have effect as if it had been exercised under any other enactment—
(a) that, with or without modification, replaces, or that corresponds to, the enactment repealed; and
(b) under which the power could be exercised.
Compare: 1924 No 11 ss 20(d), 20A; 1960 No 50 s 2