(1) This section applies to an employee of a Snowy hydro - group company if, immediately before the corporatisation date, the employee was an employee of the Snowy Mountains Hydro - electric Authority in respect of whom deferred benefits were applicable under section 78 of the DFRDB Act.
(2) For the purposes of Division 3 of Part IX of the DFRDB Act, the employee is taken to continue in public employment on and after the corporatisation date while the employee continues to be employed by a hydro - group company.
(3) This section is subject to Division 3 of Part IX of the DFRDB Act.
(4) Unless the contrary intention appears, expressions used in this section that are also used in the DFRDB Act have the same meanings as in that Act.