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Saving provision: Exclusion of liability in relation to postal and money orders

4.—(1) The amendments made to section 111 of the 2000 Act (which provides for the exclusion of liability in relation to postal and money orders) by paragraph 38 of the Schedule do not affect any right or liability which has accrued or will accrue in relation to any postal or money order issued before the coming into force of a scheme made under section 112(2) of the 2000 Act as amended by paragraph 39(2) of the Schedule.

(2) Any reference to a Post Office company in section 111 shall have effect, in relation to any postal or money order to which paragraph (1) applies, as if it were a reference to the original holding company within the meaning of section 15 of the 2011 Act (general interpretation).