Commonwealth Consolidated Acts

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COMMONWEALTH BANK SALE ACT 1995 - SECT 15

Deferred benefits

  (1)   This section applies if, immediately before the transfer time, an employee of a Bank body was a person to 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, after the transfer time, so long as the employee continues to be employed by a Bank body.

  (3)   This section is subject to Division   3 of Part   IX of the DFRDB Act.



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