Transfer of employees
19 Transfer of employees
This section applies where—
an employee ceases to be employed by an employer,
the employee commences to be employed by another employer within 2 months, and
STC determines that, because of the nature and circumstances of the employment involved (for example, employment in different Public Service agencies), it would not be appropriate to regard the employee as having resigned or retired.
STC shall determine the value of the sum of the basic benefit, any additional employer contributions benefit and any Commonwealth co-contribution benefit in respect of the employee at the date of cessation of employment with the former employer and shall—
debit the employer reserve of the former employer with that value, and
credit the employer reserve of the new employer with that value.
This Act’s bill:Explanatory memorandum
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