(1) A transferred employee is taken:
(a) to have been engaged by the industry services body on the same terms and conditions as those that applied to the person, immediately before the transfer day, as an employee of the previous employer; and
(b) to have accrued an entitlement to benefits, in connection with that engagement by the industry services body, that is equivalent to the entitlement that the person had accrued, as an employee of the previous employer, immediately before the employee's transfer time.
Note: For previous employer , see section 4.
(2) The service of a transferred employee as an employee of the industry services body is taken, for all purposes, to have been continuous with the service of the employee, immediately before the transfer day, as an employee of the previous employer.
(3) A transferred employee is not entitled to receive any payment or other benefit merely because he or she stopped being an employee of the previous employer as a result of this Division.
(4) This section:
(a) has effect subject to this Division; and
(b) is not to be taken to be a law of the Commonwealth for the purposes of paragraph 170XA(2)(b) of the Workplace Relations Act 1996 , as in force immediately before the reform commencement within the meaning given by that Act .