58Transfer of staff from the FAC

#### 58 Transfer of staff from the FAC (1) This section applies to an employee of the FAC. (2) The Finance Minister may, by written instrument, declare that, in the event that a specified company is granted an airport lease for a specified airport under section 21 or 22 on a specified day, a specified employee: (a) ceases to be employed by the FAC immediately after the grant; and (b) is taken to have been engaged by the company as an employee of the company immediately after the grant. (3) The Finance Minister may, by written instrument, declare that, in the event that a specified company is granted an airport lease for a specified airport under section 22 on a specified day, a specified employee: (a) ceases to be employed by the FAC immediately after the time ascertained in accordance with the instrument, being a time that occurs on that day and before the grant; and (b) is taken to have been engaged by the company as an employee of the company immediately after that time. (4) A declaration under this section has effect accordingly. (5) If subsection (2) applies to an employee, the employee’s transfer time occurs immediately after the grant. (6) If subsection (3) applies to an employee, the employee’s transfer time occurs immediately after the time ascertained in accordance with the instrument.