Superannuation Administration (Electricity Superannuation Scheme Transitional Provisions) Regulation 1997
15ATransfer of liabilities
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15A Transfer of liabilities
15A Transfer of liabilities
(1) A liability of a superannuation scheme referred to in Part 2 to pay any amount that is due and payable under the scheme to a former member of or contributor to the scheme by virtue of his or her employment by a transferred employer is by this subclause transferred to Energy Industries Superannuation Scheme Pty Ltd.
(2) Assets transferred under clause 15, and assets derived from the investment of such assets, may be applied to meet any liability transferred by this clause.
(3) In this clause, transferred employer includes a predecessor of a transferred employer.
cl 15A: Ins 10.7.1998.