Commonwealth Consolidated Acts

AEROSPACE TECHNOLOGIES OF AUSTRALIA LIMITED SALE ACT 1994 - SECT 8

  (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 Division   3 of Part   IX of the Superannuation Act 1976 .

  (2)   For the purposes of Division   3 of Part   IX of the Superannuation Act 1976 , 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   IX of the Superannuation Act 1976 .