(1) This section applies in relation to an election by an Australian member of a notified foreign passport fund, to receive reports in hard copy or as an electronic copy, that is in force under subsection 314A(3) of this Act immediately before the commencement day.
(2) Despite the repeal of that subsection by the amending Part, the election continues in force on and after that day as if it were an election under section 110E of this Act, as amended by the amending Part:
(a) to be sent such reports:
(i) for an election to receive in hard copy--in physical form; or
(ii) for an election to receive as an electronic copy--in electronic form; and
(b) if the election included an election to receive the reports in English, or in an official language of the home economy of the fund--to be sent such reports in that language.