(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 .