Commonwealth Consolidated Acts

HOUSING LOANS INSURANCE CORPORATION (TRANSFER OF ASSETS AND ABOLITION) ACT 1996 - SECT 29

             (1)  Subject to this section, if:

                     (a)  a person who was an employee of the Corporation before the transfer day committed a corruption offence while such an employee; and

                     (b)  the person becomes an employee of the Company on that day under section 14;

then, on and after that day, the CSB Act continues to apply in relation to the person in respect of the offence as if the Company were a Commonwealth authority.

             (2)  A superannuation order may not be made under the CSB Act in relation to employer contributions or benefits paid or payable to a superannuation scheme by the Company on or after the transfer day.

             (3)  In spite of paragraph 19(3)(d) of the CSB Act, the only order that may be made under that paragraph is an order that an amount be paid to the Commonwealth.

             (4)  If:

                     (a)  a person who was an employee of the Corporation immediately before the transfer day committed a corruption offence while such an employee; and

                     (b)  the person was paid benefits before, on or after that day under any superannuation scheme;

then, in spite of paragraph 19(4)(b) of the CSB Act, the only order that may be made under that paragraph is an order that an amount be paid to the Commonwealth.

             (5)  A superannuation scheme in relation to which employer contributions or benefits are paid or payable by the Company is not a superannuation scheme for the purposes of the CSB Act in respect of a corruption offence committed by a person on or after the transfer day.

             (6)  Unless the contrary intention appears, expressions used in this section that are also used in the CSB Act have the same meanings as in that Act.