43Saving—deferred benefits under the Superannuation Act 1922

43 Saving—deferred benefits under the Superannuation Act 1922

(1) This section applies to an employee of a Newco body if, immediately before the sale day, the employee was: (a) a staff member of the Authority or the Chief Executive Officer of the Authority; and (b) a person to whom deferred benefits were applicable under section 119W of the Superannuation Act 1922. (2) For the purposes of Division 3 of Part XA of the Superannuation Act 1922, the employee is taken to continue in public employment on and after the sale day while the employee continues to be employed by a Newco body. (3) This section is subject to Division 3 of Part XA of the Superannuation Act 1922.