(1)This section applies to graduate endowment liability in relation to which the due date is before 1 April 2008.
(2)To the extent required for the purposes of or in connection with any such graduate endowment liability—
(a)section 1 of the 2001 Act, and
(b)the principal regulations,
continue to have the effect that they had immediately before the coming into force of this Act (despite the repeals made by section 1).