New South Wales Consolidated Acts

STATE AUTHORITIES NON-CONTRIBUTORY SUPERANNUATION ACT 1987 - SECT 19

19 Transfer of employees

(1) This section applies where:

(a) an employee ceases to be employed by an employer,

(b) the employee commences to be employed by another employer within 2 months, and

(c) STC determines that, because of the nature and circumstances of the employment involved (for example, employment in different Departments in the Public Service), it would not be appropriate to regard the employee as having resigned or retired.

(2) STC shall determine the value of the sum of the basic benefit and any Commonwealth co-contribution benefit in respect of the employee at the date of cessation of employment with the former employer and shall:

(a) debit the employer reserve of the former employer with that value, and

(b) credit the employer reserve of the new employer with that value.