Snowy Mountains Engineering Corporation Limited Sale Act 1993
24Saving—deferred benefits under the Superannuation Act 1976
Start here
Get a plain-English read of 24
Turn the raw legal text into a practical explanation grounded in Snowy Mountains Engineering Corporation Limited Sale Act 1993.
24 Saving—deferred benefits under the Superannuation Act 1976
(1) This section applies if, immediately before the sale day, an employee of a SMEC body was a person to whom deferred benefits were applicable under section 139 of the Superannuation Act 1976. (2) For the purposes of Division 3 of Part IX of the Superannuation Act 1976, an employee is taken to continue in public employment on and after the sale day while the employee continues to be employed by a SMEC body. (3) This section is subject to Division 3 of Part IX of the Superannuation Act 1976.