Energy Services Corporations (Savings and Transitional) Regulation 1996
9Funding of extended service leave entitlements
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9 Funding of extended service leave entitlements
9 Funding of extended service leave entitlements
(1) As a consequence of the transfer of an eligible employee from one electricity generator to another, the old generator becomes liable to pay to the new generator:
(a) in the case of an eligible employee whose period of service with the old generator (as at the date of the transfer) was 5 years or more but less than 10 years, 50 per cent of the monetary value of the extended service leave to which the employee would have been entitled as at that date had the period of service been 10 years, or
(b) in the case of an eligible employee whose period of service with the old generator (as at the date of the transfer) was 10 years or more, 100 per cent of the monetary value of the employee’s entitlement to extended service leave as at that date.
(2) No such liability exists in the case of an eligible employee whose period of service with the old generator (as at the date of the transfer) was less than 5 years.
Parts 4 (cll 6–13): Ins 20.12.1996.