Well yes, but the point is that this text remains ambiguous:
2. Two permitted in Asia when one is a transfer without stopover, or on direct single plane service between the Southwest Pacific and Europe.
It can be interpreted as:
2. Two permitted in Asia when one is either (a transfer without stopover) or (a direct single plane service between SWP and Europe)
or as
2. Two permitted in Asia when one is either (a transfer without stopover) or (a direct single plane service) between SWP and Europe.
Recently only the latter interpretation seems to have been allowed.
It would saving us having this discussion on a regular basis if OW would simply insert another comma into the rules, thus:
2. Two permitted in Asia when one is a transfer without stopover, or on direct single plane service, between the Southwest Pacific and Europe.
which makes it far less ambiguous.