Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For the purposes of subsection 126 (2) of the Act and the provisions of the Act specified in Schedule 10, the following class of persons is a prescribed class of persons to whom section 126 of the Act applies, namely persons:
(a) to whom deferred benefits as pension (other than in the form of a pension payable under section 46, 47 or 48 of the superseded Act) are applicable or payable under the superseded Act; and
(b) who have, or will, become eligible employees;
other than a person:
(c) referred to in paragraph (a) of the definition of eligible employee in subsection 3 (1) of the Act; or
(d) who has at any time ceased to be an eligible employee and again becomes an eligible employee, not being a person referred to in subsection 8 (1), (2) or (3) of the Act.
(2) The Act in its application to the prescribed class of persons referred to in subregulation (1) is modified in accordance with the modifications specified in Schedule 10.