10ANTransfer of credits between employers of transferred contributors

#### 10AN Transfer of credits between employers of transferred contributors 10AN Transfer of credits between employers of transferred contributors > Whenever— > > > (a) a contributor ceases to be employed by an employer and becomes employed by another employer, and > > > (b) the contributor continues to be a contributor under this Act, > > STC must, as soon as practicable after the contributor begins the later employment— > > > (c) debit the employer reserve of the former employer with the actuarially calculated transfer value referable to the contributor, and > > > (d) credit the employer reserve of the new employer with that value. > > **s 10AN:** Ins 1988 No 133, Sch 2 (3). Am 1996 No 39, Sch 4.