Commonwealth Numbered Acts

AUSTRALIAN AND OVERSEAS TELECOMMUNICATIONS CORPORATION ACT 1991 No. 79 of 1991 - SECT 39

39. (1) A person who was an employee of a former telecommunications
corporation immediately before the succession day is taken:

   (a)  to have been engaged by AOTC as an employee of AOTC with effect from
        the succession day; and

   (b)  to have been so engaged on the same terms and conditions as those that
        applied to the person, immediately before the succession day, as an
        employee of the former corporation; and

   (c)  to have accrued an entitlement to benefits, in connection with that
        engagement by AOTC, that is equivalent to the entitlement that the
        person had accrued, as an employee of the former corporation,
        immediately before the succession day.

(2) The service of a transferred employee as an employee of AOTC is taken for
all purposes to have been continuous with the service of the employee,
immediately before the succession day, as an employee of the former
corporation.

(3) A transferred employee is not entitled to receive any payment or other
benefit merely because he or she ceased to be an employee of the former
corporation by virtue of this Act or the repeal of the Australian 
Telecommunications Corporation Act 1989 or of the OTC Act 1946, as the case
may be.

(4) A director, secretary or auditor of the former corporation does not,
because of the operation of this Act, become a director, secretary or auditor
of AOTC.