Financial Sector Reform (Tasmania) Act 1999
31Effect of transfer of TOFS employees, &c.
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31 Effect of transfer of TOFS employees, &c.
(1) This section applies if a person –
(a) becomes an APRA employee under section 30 ; or
(b) 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 was, immediately before the appointment, an employee of TOFS.
(2) If the person is the chief executive officer of TOFS, the person's appointment or employment with TOFS ends immediately.
(3) If the person is another employee of TOFS, the employee's appointment or employment under the TOFS Act ends immediately.
(4) A person is not entitled to receive from TOFS any payment or other benefit, whether under a contract or otherwise, because the person's appointment or employment ends under this section.