For subsection 124 (4) of the Act, a Fair Work Information Statement must contain an explanation of the effect on an employee's entitlements under the National Employment Standards if:
(a) the transfer of a business occurs as described in section 311 of the Act; and
(b) the employee becomes a transferring employee.
Note Section 311 of the Act identifies the participants in the transfer of the business as including a "transferring employee".