Superannuation Industry (Supervision) Act 1993
(a) the beneficiary ceases to have any rights against the first-mentioned fund in respect of those benefits; but
(b) has the corresponding rights against the eligible transitional fund in respect of those benefits.
For the purposes of this section, a mere contingent right to a death or disability benefit is taken not to be a right in respect of the first-mentioned benefits.
Subsection (2) is enacted for the avoidance of doubt.