46ABPreservation of benefit for contributors

46AB Preservation of benefit for contributors

46AB Preservation of benefit for contributors

(1) Part 1 of Schedule 5 has effect with respect to contributors to whom this Part applies.

(2) A benefit is not required to be preserved under this section if a benefit is payable under another provision of this Act because the contributor has been retrenched.

(3) In this section and Schedule 5, contributor includes a participant in a superannuation scheme referred to in clause 1 (1) of Schedule 4 (which provides for the transfer of contributors to the scheme from closed schemes).

s 46AB: Ins 1993 No 42, Sch 1. Am 2005 No 52, Sch 5 [9].