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AEROSPACE TECHNOLOGIES OF AUSTRALIA LIMITED SALE ACT 1994 - SECT 7

Deferred benefits under the Superannuation Act 1922

             (1)   This section applies in relation to an ASTA body if, immediately before the body's sale day, an employee of the body was a person to whom deferred benefits were applicable under section 119W of the Superannuation Act 1922 .

             (2)   For the purposes of Division 3 of Part XA of the Superannuation Act 1922 , the employee is taken to continue in public employment, on and after the body's sale day, while the employee continues to be employed by any of the following:

                     (a)   the body;

                     (b)   if:

                              (i)   the body is a subsidiary of a particular body corporate (the parent entity ); and

                             (ii)   another ASTA body is a subsidiary of the parent entity;

                            the other ASTA body.

             (3)   This section is subject to Division 3 of Part XA of the Superannuation Act 1922 .



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