5Transfer of contributors under earlier Act

5 Transfer of contributors under earlier Act

5 Transfer of contributors under earlier Act

(1) A person who, immediately before the commencement day, was a contributor to the Transport Retirement Scheme shall be deemed to have become a transferred contributor by virtue of having made an election under section 11 of the Act (election to contribute to the Fund) which took effect on the commencement day and, with respect to such an election, section 11 of the Act shall be construed as if subsection (2) and (3) of that section had not been enacted.

(2) Where, by virtue of subclause (1), a person becomes a transferred contributor:

(a) the person ceases to be a contributor under the Transport Retirement Scheme, and

(b) a benefit under the earlier Act is not payable to or in relation to that person.

(3) An application under section 12 of the Act (additional benefit) may, subject to that section, be made at any time by a person who, by virtue of subclause (1), is deemed to have become a transferred contributor.