New South Wales Consolidated Acts

PUBLIC AUTHORITIES SUPERANNUATION ACT 1985 - SECT 23A

23A Transfers of credits between employers in respect of transferred contributors

Where a transferred contributor:

(a) transfers to the employment of an employer specified in Part 1 or 2 of Schedule 3 from the employment of any other employer,

(b) transfers to the employment of an employer specified in Part 3 of Schedule 3 from the employment of an employer not specified in that Part, or

(c) transfers to the employment of an employer specified in Part 4 of Schedule 3 from the employment of an employer not specified in that Part,

(d) debit the appropriate reserve established under section 9 (3) or (6) in respect of the former employer with such of the amount of the notional preserved benefit of the transferred contributor as comprises the employer-financed benefit, and

(e) credit the appropriate reserve established under section 9 (3) or (6) in respect of the new employer with the amount so debited in respect of the former employer.