(1) A person appointed as the Vice President, a Senior Deputy President or a Deputy President under the Industrial Relations Act:
(a) who was, immediately before the commencement, a Deputy President under the previous Act; and
(b) who could, under section 60 of the Conciliation and Arbitration Act 1972 , have remained a Deputy President until attaining the age of 70 years;
holds office, subject to the provisions of the Industrial Relations Act other than subsection 16(1), as the Vice President, a Senior Deputy President or a Deputy President (as the case may be) under the Industrial Relations Act until attaining the age of 70 years.
(2) A person who is a new Presidential Member and was, immediately before the commencement, a person referred to in paragraph 7(5)(a) of the previous Act is entitled to elect to have the same designation as a Judge of the Court.