Levies
5(1)The provisions of—
(a)any regulations in force immediately before the transfer date under section 6 or 17 of the said Act of 1970 imposing a levy payable to the White Fish Authority;
(b)so much of any scheme then in force under section 31 of that Act as relates to the imposition of a levy by the Herring Industry Board ; and
(c)so much of any direction then in force under section 55 of that Act as relates to the treatment for levy purposes of any substance or article capable of being produced wholly or partly from either white fish or herring or both,
shall on or after that date have effect as if contained in regulations made and confirmed under section 4 of this Act and references to the Authority shall be substituted for any reference in those provisions to either of the existing bodies.
(2)Any sums on account of levy under any regulations or schemes that have ceased to be in force before the transfer date and which, apart from this Act, would be payable to either of the existing bodies shall be payable to the Authority.