26IPreservation of deferred accrued benefits

#### 26I Preservation of deferred accrued benefits 26I Preservation of deferred accrued benefits > > (1) On and from 29 June 1997, each non-contributing employee is taken to have ceased to be an employee for the purposes of the application of section 23 (When benefits are payable) and section 24 (Benefit to be preserved) to the deferred accrued benefit provided by this Part. > > > (2) STC must, on and from 30 June 1997, transfer the amount of the benefit preserved in respect of the person under subsection (1) to the person’s account in the Aware Super Fund, if the person has such an account. > > > (3) For the purposes of calculating the amount of the deferred accrued benefit to be preserved in respect of a non-contributing employee (other than an irregular employee) under this section, the employee’s final average salary is taken to be the employee’s salary as at 31 December 1996. > > **s 26I:** Ins 1997 No 42, Sch 1.6 \[20\]. Am 2005 No 91, Sch 3.11 \[2\]; 2025 No 48, Sch 2.14\[4\].