New South Wales Consolidated Acts

SNOWY HYDRO CORPORATISATION ACT 1997 - SECT 15

15 Transfer to Company of employees of Authority

(1) A person who was an employee of the Snowy Mountains Hydro-electric Authority immediately before the corporatisation date is taken:

(a) to have ceased to be employed by the Authority immediately before that date, and

(b) to have been engaged by the Snowy Hydro Company as an employee of the Company with effect on and from that date, and

(c) to have been so engaged on the terms and conditions on which the Commonwealth Corporatisation Act declares, or purports to declare, the employee to have been so engaged by the Company, and

(d) to have accrued an entitlement to benefits, in connection with that engagement by the Company, that is equivalent to the entitlement that the person had accrued, as an employee of the Authority, immediately before that date.

(2) The service of a transferred employee as an employee of the Company is taken for all purposes to have been continuous with the service of the employee, immediately before the corporatisation date, as an employee of the Authority.

(3) A transferred employee is not entitled to receive any payment or other benefit merely because he or she stopped being an employee of the Authority as a result of this section or of any other provision of this Act or the Commonwealth Corporatisation Act.

(4) An auditor of the Authority does not, because of the operation of this Act, become an auditor of the Company.

(5) This section has effect subject to this Division.