5FCircumstances in which a conversion election revoked or may not be made

5F Circumstances in which a conversion election revoked or may not be made

5F Circumstances in which a conversion election revoked or may not be made

(1) If a benefit is paid or becomes payable or is deferred or preserved in respect of a contributor under this Act before the conversion date for the contributor—

(a) the contributor is not eligible to make a conversion election, and

(b) if the contributor has made a conversion election, the election is taken to be revoked.

(2) This section does not apply in respect of a gratuity paid or payable under section 12D to a contributor.

s 5F: Ins 1998 No 144, Sch 1.2 [2]. Subst 1999 No 6, Sch 1.3 [3].