In section 22(2) of the [1972 c. 48.] Parliamentary and other Pensions Act 1972 (period during which receipt of transfer value may be requested) for the words from " before the end of the period " to the end there are substituted the words "before the end of a period of twelve months beginning with any of the following dates which are applicable to him—
(a)the date of the passing of the House of Commons Members' Fund and Parliamentary Pensions Act 1981, if on that date he is a Member of the House of Commons or a participant under section 2 of this Act;
(b)any date after the passing of that Act on which he becomes a Member of the House of Commons or a participant under section 2 of this Act, whether for the first time or after ceasing to be such a Member or participant ;
but for this purpose a Member of the House of Commons shall be treated as not ceasing to be such a Member on the dissolution of a Parliament if he is again such a Member at the beginning of the next Parliament ".