23ATransfers of credits between employers in respect of transferred contributors

23A Transfers of credits between employers in respect of transferred contributors

23A Transfers of credits between employers in respect of transferred contributors

Where a transferred contributor—

(a) transfers to the employment of an employer specified in Part 1 or 2 of Schedule 3 from the employment of any other employer,

(b) transfers to the employment of an employer specified in Part 3 of Schedule 3 from the employment of an employer not specified in that Part, or

(c) transfers to the employment of an employer specified in Part 4 of Schedule 3 from the employment of an employer not specified in that Part,

the Board shall—

(d) debit the appropriate reserve established under section 9 (3) or (6) in respect of the former employer with such of the amount of the notional preserved benefit of the transferred contributor as comprises the employer-financed benefit, and

(e) credit the appropriate reserve established under section 9 (3) or (6) in respect of the new employer with the amount so debited in respect of the former employer.

s 23A: Ins 1985 No 178, Sch 1 (8).