After section 11 of the Local Government Finance Act 1992 there is inserted—
For section 12 of that Act (discounts: special provision for Wales) there is substituted—
Where immediately before the day on which subsection (2) comes into force regulations under section 12(1) of that Act are in force which apply in relation to a financial year beginning on or after that day, the regulations, so far as relating to such a financial year, shall on and after that day have effect as if—
Where immediately before that day a determination under section 12(1) of that Act is in force which applies in relation to a financial year beginning on or after that day, the determination, so far as relating to such a financial year, shall on and after that day have effect as if made under section 12(4) of that Act, as substituted by this section, in relation to the whole of the area of the authority which made the determination.
In its application by virtue of subsection (4), a determination under section 12(1) of that Act shall have effect—