(1) This section applies if, immediately before the sale day, an employee of a SMEC body was a person to whom deferred benefits were applicable under section 139 of the Superannuation Act 1976 .
(2) For the purposes of Division 3 of Part IX of the Superannuation Act 1976 , an employee is taken to continue in public employment on and after the sale day while the employee continues to be employed by a SMEC body.
(3) This section is subject to Division 3 of Part IX of the Superannuation Act 1976 .