46AB
CurrentPreservation of benefit for contributors
Part 5AProvisions relating to privatisation of employers and other Government initiatives
46AB Preservation of benefit for contributors
(1)
Part 1 of Schedule 5 has effect with respect to contributors to whom this Part applies.
(2)
A benefit is not required to be preserved under this section if a benefit is payable under another provision of this Act because the contributor has been retrenched.
(3)
In this section and Schedule 5, contributor includes a participant in a superannuation scheme referred to in clause 1 (1) of Schedule 4 (which provides for the transfer of contributors to the scheme from closed schemes).
This Act’s bill:Explanatory memorandum
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