Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT 1992 No. 187, 1992 - SECT 47

47.(1) Section 155B of the Principal Act is amended by omitting subsection (1)
and substituting the following subsection:

"(1) This section applies to a person who:

   (a)  was the holder of a position or office, and an eligible employee,
        immediately before the position or office, as the case may be, ceased
        to exist as a result of the sale or transfer of an organisation,
        business, service or asset, or the transfer of a function; and

   (b)  before the date of the sale or transfer received and accepted an offer
        of employment in connection with the organisation, business, service,
        asset or function: and

   (c)  took up employment in accordance with that offer on or after the date
        of the sale or transfer, as the case may be; and

   (d)  ceased to be an eligible employee upon taking up that employment.".

(2) The Superannuation (Former HLIC Employees) Regulations have effect, and
are taken to have always had effect, as if this section had commenced
immediately before they were made.