35Superannuation for certain employees

35 Superannuation for certain employees

[Section 35 Amended by No. 54 of 2016, s. 97, Applied:31 Mar 2017] If –

(a) [Section 35 Amended by No. 54 of 2016, s. 97, Applied:31 Mar 2017] any employees of the Company or a subsidiary of the Company are subject to a superannuation scheme provided in accordance with the Public Sector Superannuation Reform Act 2016 ; and

(b) either –

(i) an agreement for the sale of shares in the Company or in a subsidiary of the Company has been made; or

(ii) an agreement for the sale of any assets of the Company or of a subsidiary of the Company has been made and provides for the purchaser under that agreement to employ an employee referred to in paragraph (a)  –

the Minister administering the Public Sector Superannuation Reform Act 2016 is to make a declaration, under regulations under that Act, declaring the agreement for that sale to be a prescribed arrangement for the purposes of those regulations.