20ICircumstances in which a conversion election revoked or may not be made

20I Circumstances in which a conversion election revoked or may not be made

20I Circumstances in which a conversion election revoked or may not be made

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.

ss 20I–20L: Ins 1998 No 144, Sch 1.4 [1]. Subst 1999 No 6, Sch 1.5 [2].