Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to subsection (2), where a person who:
(a) is an eligible employee; and
(b) is employed by, or is a member of the staff of, an authority or body;
ceases, within such period as is determined by the Minister, by legislative instrument, in relation to the person, to be an eligible employee because the person becomes a member of a superannuation scheme declared by the Minister under section 242B to be an authorised superannuation scheme for the purposes of this Part, deferred benefits are applicable in respect of the person.
(2) Subsection (1) does not apply in relation to a person who, when ceasing to be an eligible employee, had completed a period of eligible employment as mentioned in subsection 132(1) of less than one year.
(3) Where, under subsection (1), deferred benefits are applicable in relation to a person, the person is not entitled to be paid benefits under this Act other than benefits under Part VI, subsection 110S(2) or section 111.
(4) Despite anything in regulations made for the purposes of paragraph 44(2)(b) of the Legislation Act 2003 , section 42 (disallowance) of that Act applies to a determination made under subsection (1) of this section.