Commonwealth Consolidated Acts

AUSTRALIAN INDUSTRY DEVELOPMENT CORPORATION ACT 1970 - SECT 29U

             (1)  This section has effect for the purposes of the application, at any time on or after the transfer day of a transferred staff member, of a law, award, determination or agreement in relation to the employment of the transferred staff member.

             (2)  Neither the transferred staff member's contract of employment, nor his or her period of employment, shall be taken to have been broken by the operation of this Part.

             (3)  Without limiting section 29T or subsection (2) of this section, this Part does not affect any accrued rights that the transferred staff member had immediately before the transfer day in relation to any kind of leave.

             (4)  Where:

                     (a)  if the transferred staff member had, immediately before the transfer day, ceased to be employed by the Corporation, it would have been necessary to take into account a period during which the transferred staff member was employed by the Corporation or any other person to determine:

                              (i)  an amount payable to the transferred staff member; or

                             (ii)  a benefit to which the transferred staff member would have been entitled;

                            because of his or her so ceasing; and

                     (b)  but for this subsection, some or all of that period would not have to be taken into account as a period during which the staff member was employed by the receiving subsidiary;

the receiving subsidiary shall treat the whole of the first‑mentioned period as a period during which the transferred staff member was employed by it.