(1) This section applies in relation to an election by a member of a company limited by guarantee, to receive reports in hard copy or as an electronic copy, that is in force under subsection 316A(1) immediately before the commencement day.
(2) Despite the amendment of that subsection by the amending Part:
(a) the election continues in force on and after the commencement day as an election under subsection 316A(1) of this Act to receive such reports (in accordance with subsection 316A(2)); and
(b) an election of the member is taken to be in force under section 110E on and after the commencement day 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.
(3) Paragraph (2)(b) has effect subject to paragraph 110E(7)(b) (withdrawal of election).