Financial Sector Reform (New South Wales) Act 1999
22Effect of transfer to APRA or Australian Public Service
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22 Effect of transfer to APRA or Australian Public Service
22 Effect of transfer to APRA or Australian Public Service
(1) This section applies if a person becomes an APRA employee under section 21.
(2) This section also applies if:
(a) a person is appointed to the Australian Public Service under section 81B (1) of the Public Service Act 1922 of the Commonwealth on or after the transfer date, and
(b) immediately before the appointment, the person was an employee of AFIC.
(3) If the person is the executive director of AFIC, the executive director’s appointment under the AFIC Code immediately ends.
(4) If the person is another employee of AFIC, the employee’s employment with AFIC immediately ends.
(5) A person is not entitled to receive any payment or other benefit, whether under a contract or otherwise, because the person’s appointment or employment ends under this section.