34Saving—Superannuation Act 1976

34 Saving—Superannuation Act 1976

(1) If, immediately before a terminating event, an employee of Qantas or a Qantas subsidiary was a person to whom deferred benefits were applicable under Division 3 of Part IX of the Superannuation Act 1976, then, despite the terminating event and subject to Division 3 of Part IX of that Act, the employee continues to be a person to whom those deferred benefits are applicable while the employee continues to be employed by Qantas or a Qantas subsidiary. (2) For the purposes of subsection (1), a terminating event occurs if employment by Qantas or a Qantas subsidiary ceases to be public employment for the purposes of Division 3 of Part IX of the Superannuation Act 1976. (3) If, immediately before a terminating event, a period of employment of a person by Qantas or a Qantas subsidiary was a period of eligible employment for the purposes of Division 3 of Part IX of the Superannuation Act 1976, then, despite the terminating event, the period continues to be a period of eligible employment for the purposes of Division 3 of Part IX of that Act. (4) For the purposes of subsection (3), a terminating event occurs if employment by Qantas or a Qantas subsidiary ceases to be eligible employment for the purposes of Division 3 of Part IX of the Superannuation Act 1976.