46AAAApplication of Part

46AAA Application of Part

46AAA Application of Part

(1) This Part applies to a contributor who transfers employment if—

(a) the contributor 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 a contributor who transfers superannuation coverage if—

(a) the contributor, while remaining with his or her existing employer, elects or is required to become a contributor to another superannuation scheme, 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 a contributor if the employer of the contributor ceases to be an employer under this Act because of an order under this Part.

s 46AAA: Ins 2005 No 52, Sch 5 [8].