25Company liable to meet certain SRC Act liabilities and to be taken to be the employer in certain circumstances under the SRC Act

25 Company liable to meet certain SRC Act liabilities and to be taken to be the employer in certain circumstances under the SRC Act

On and after the transfer day, the Company: (a) is liable to pay the liabilities of the Corporation that existed immediately before that day under section 128A of the SRC Act as if it were a prescribed Commonwealth authority for the purposes of that section; and (b) is taken to have been the employer of the employees of the Corporation before the transfer day for the purposes of the SRC Act.