(3) Any act commenced or done by, or in relation to the former Society shall be deemed to have been commenced or done by or in relation to, the Society. (4) Any action or judicial proceedings entered by or against the former Society shall be deemed to have been validly entered by or against the Society. (5) Any contract of employment as regards the staff of the former Society and which are still valid at the time of coming into force of this Act, shall be deemed to have been duly entered by the Society. (6) Any reciprocal agreement made with foreign societies by the former Society shall be deemed to have been validly entered into by the Society. (7) Any authorisation or licence issued by the former Society and which is still valid at the time of coming into force of this Act, shall be deemed to have been validly issued by the Society. (8) Any rules made by the former Society shall be deemed to have been made by the Society under this Act. 59. Repeal and savings (1) The Copyright Act 1997 is repealed. (2) Notwithstanding subsection (1), any protection granted to or enjoyed by a copyright owner or author under the Copyright Act, except in respect of exhaustion of rights and parallel imports, and which is still subsisting at the time of coming into force of this Act, shall continue to apply as if granted under this Act. (3) Any contract relating to a work, performance, phonograrn or broadcast entered prior to the coming into force of this Act and which is still valid at the time of coming into force of this Act, shall be deemed to have been made under this Act. (4) Where this Act does not make provision for any transition, the Minister may make