(1) On 1 July 2015, an ongoing statement relating to a function of the regulator before 1 July 2015 becomes a statement published under section 5H relating to the comparable function of the regulator on or after 1 July 2015.
(2) In this section:
"ongoing statement "means a statement or report that:
(a) was published by the Utilities Commission under section 7 of the Utilities Commission Act before 1 July 2015; and
(b) relates to the regulator's functions under this Act; and
(c) was in force immediately before 1 July 2015.