Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996
22Saving—Long Service Leave Act
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22 Saving—Long Service Leave Act
(1) This section applies to a person who, immediately before the transfer day, was an employee of the Corporation whose period of service under the Long Service Leave Act was at least 10 years. (2) Even though the employee ceases to be employed in Government Service for the purposes of the Long Service Leave Act, the employee’s accrued rights under that Act continue if the employee becomes an employee of the Company on the transfer day. However, the employee is not entitled to receive any payment because he or she ceases to be in Government Service. (3) The Long Service Leave Act has effect on and after the transfer day in relation to the employee as if the Company were an approving authority for the purposes of that Act.