(1) This regulation applies to a person who, as a member of a KiwiSaver scheme or specified non-KiwiSaver scheme, has exercised a right under the provisions of the scheme to elect to defer receipt of any benefit that he or she is eligible to receive under the scheme.
(2) A qualifying lock-in clause must, for the purposes of regulations 33(2) and 34(2), be treated as not preventing the person, as a member of the scheme, from making or receiving a withdrawal from the scheme.