Delivering Victorian Infrastructure (Port of Melbourne Lease Transaction) Act 2016
47Transfers to private sector employment of Port Corporation executive employees
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47 Transfers to private sector employment of Port Corporation executive employees
(1) The Premier, for the purposes of an authorised transaction, may, by order, transfer the employment of an executive employee to the employment of a designated private sector employer.
(2) The Premier must not make an order under subsection (1) unless the Premier is satisfied that the designated private sector employer has offered employment to the executive employee on terms and conditions that are no less favourable than those that apply to the executive employee as an employee of the Port Corporation.
(3) On the transfer date, an executive employee specified in an order under subsection (1) is taken to be an employee of the designated private sector employer on the terms and conditions contained in the offer of employment by the designated private sector employer.