Commonwealth Consolidated Acts

HOUSING LOANS INSURANCE CORPORATION (TRANSFER OF ASSETS AND ABOLITION) ACT 1996

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY

   1.      Short title [see Note 1]  
   2.      Commencement [see Note 1]  
   3.      Definitions  
   4.      Act binds the Crown  

   PART 2--THE COMPANY

   5.      Shares in the Company  
   6.      The Company is not the Crown  
   7.      Transfer of the Corporation's assets and liabilities  
   8.      Certain instruments to continue in force  
   9.      Pending proceedings  

   PART 3--MANAGEMENT OF PRE-TRANSFER CONTRACTS

   10.     Agreement between the Commonwealth and the Company for management of pre-transfer contracts and establishment of Insurance Account  
   11.     Guarantee by Commonwealth  
   12.     Payments into Insurance Account  
   13.     Payments out of Insurance Account  

   PART 4--TRANSFER AND RIGHTS OF EMPLOYEES

           Division 1--Transfer of employees from Corporation to Company

   14.     Transfer to Company of employees of Corporation  
   15.     Variations of terms and conditions of employment  

           Division 2--Transitional and saving provisions in relation to long service leave

   16.     Interpretation  
   17.     Long service leave for employees with less than 10 years service  
   18.     Payments in lieu of long service leave for employees with less than 10 years service  
   19.     Payments on the death of an employee  
   20.     Employee's long service leave credit for the purposes of sections 17 and 18  
   21.     Division not to affect an employee's future long service leave rights  
   22.     Saving--Long Service Leave Act  

           Division 3--Transitional and saving provisions relating to the Safety, Rehabilitation and Compensation Act 1988

   23.     Interpretation  
   24.     Transitional provisions relating to the SRC Act in respect of certain employees of the Company  
   25.     Company liable to meet certain SRC Act liabilities and to be taken to be the employer in certain circumstances under the SRC Act  

           Division 4--Transitional and saving provisions in relation to maternity leave

   26.     Interpretation  
   27.     Transitional maternity leave provisions for maternity leave beginning on or after transfer day  
   28.     Transitional maternity leave provisions relating to employees of the Corporation who were on maternity leave immediately before the transfer day  

           Division 5--Other transitional and saving provisions

   29.     Transitional provisions relating to the CSB Act  
   30.     Saving--DPP Act  
   31.     Cessation of mobility rights  

   PART 5--MISCELLANEOUS

   32.     Exemption from taxes  
   33.     Registration etc. of changing title to assets  
   34.     Compensation for acquisition of property  
   35.     Company's financial statements and reports to be laid before Parliament  
   36.     Amendment of the Commonwealth Borrowing Levy Act 1987  
   37.     Delegation  
   38.     Regulations  

   PART 6--ABOLITION OF CORPORATION

   39.     Repeals  
   40.     Final report by Corporation  
   41.     Judicial notice of Corporation's seal