27AAPreservation of benefit for employees affected by Government initiatives

#### 27AA Preservation of benefit for employees affected by Government initiatives 27AA Preservation of benefit for employees affected by Government initiatives > > (1) This Part applies to an employee who transfers employment if— > > > > > (a) the employee elects or is required to transfer employment otherwise than with an employer under this Act, and > > > > > (b) the Minister certifies that the transfer of employment is as a consequence of a Government privatisation initiative or other Government initiative. > > > (2) This Part applies to an employee who transfers superannuation coverage if— > > > > > (a) the employee, while remaining with his or her existing employer, elects or is required to cease membership of the superannuation scheme established by this Act, and > > > > > (b) the Minister certifies that the transfer of superannuation coverage is as a consequence of a Government privatisation initiative or other Government initiative. > > > (3) This Part applies to an employee if the employer of the person ceases to be an employer under this Act and the Minister certifies that it is as a consequence of a Government privatisation initiative. > > > (4) The basic benefit, any additional employer contributions benefit and any Commonwealth co-contribution benefit in respect of an employee must be preserved by STC under section 24 if this Part applies to the employee. > > **s 27AA:** Ins 1993 No 42, Sch 1. Am 1996 No 39, Sch 4; 1997 No 42, Sch 1.6 \[21\]. Subst 2005 No 52, Sch 4 \[24\]. Am 2013 No 69, Sch 1 \[5\].