Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996
20Employee’s long service leave credit for the purposes of sections 17 and 18
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20 Employee’s long service leave credit for the purposes of sections 17 and 18
(1) For the purposes of section 17, an employee’s long service leave credit is equal to the long service leave credit that the employee would have under the Long Service Leave Act for the period: (a) starting when the employee started his or her period of service; and (b) ending on the transfer day; if the employee had been retrenched on the transfer day. (2) For the purposes of section 18, an employee’s long service leave credit is the employee’s long service leave credit worked out under subsection (1) of this section reduced by any long service leave credit used under section 17.