South Australian Consolidated Regulations

BANK MERGERS (SOUTH AUSTRALIA) (ST.GEORGE/ADVANCE) REGULATIONS 1998 - REG 9

9—Superannuation rights of State Scheme contributors

        (1)         If, immediately before the transfer of an employee from the employment of ABAL or an ABAL subsidiary to the employment of St.George, the employee had rights under the State Scheme, those rights are unaffected by the transfer of employment.

        (2)         The scheduled provisions operate with the modifications set out in the Schedule.

        (3)         For the purposes of this regulation, an employee of ABAL or an ABAL subsidiary will be taken to have been transferred to a position in the employment of St.George if the employee ceased (either before or after the commencement of these regulations) to be an employee of ABAL or the subsidiary for the purpose of becoming an employee of St.George or a St.George subsidiary, whether or not rights or liabilities of ABAL or the subsidiary arising from the employee's employment were transferred to St.George or the subsidiary.