19Payments on the death of an employee

19 Payments on the death of an employee

Note: This section applies in relation to a person who was an employee of the Corporation immediately before the transfer day if, at that time, the employee’s period of service for the purposes of the Long Service Leave Act was less than 10 years.

(1) If, on or after the transfer day, the employee dies and immediately before his or her death: (a) the employee was an employee of the Company; and (b) the employee’s combined service period was at least one year; and (c) the employee had one or more dependants; the Company must make a payment to a dependant or to 2 or more dependants of the employee. (2) The total amount of the payment or payments is the amount that would have been payable to the employee under section 18 if, on the day of his or her death, the employee had stopped being an employee of the Company on or after reaching the minimum retiring age. (3) If subsection (1) applies, section 23 of the Long Service Leave Act has effect as if: (a) that section applied to an employee of the Company; and (b) a reference in that section to the approving authority were a reference to the Company; and (c) for the expression “this Act” in that section there were substituted the expression “section 19 of the Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996”; and (d) for the expression “subsection 16(7) or 17(5)” in that section there were substituted the expression “section 19 of the Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996”.