The Act and the provisions of the Act specified in Schedule 3 apply subject to the modifications specified in Schedule 3 to and in relation to those persons to whom section 126 of the Act applies who:
(a) become, on 1 February 1981, eligible employees;
(b) are, on that day, employed by the Anglo-Australian Telescope Board; and
(c) were, immediately before so becoming eligible employees, members of the superannuation scheme known as the Anglo-Australian Telescope Project Staff Superannuation Fund.