42Term of enterprise agreement

42 Term of enterprise agreement

42 Term of enterprise agreement

(1) An enterprise agreement applies for the period specified in it as its nominal term and, after that period, until terminated in accordance with this Part.

(2) The nominal term of an enterprise agreement must not be more than 3 years.

(3) However, an enterprise agreement made for a project may have a specified nominal term not exceeding the expected duration of the project.

(4) An enterprise agreement varying an earlier agreement applies for the residue of the term of the agreement it varies.

s 42: Am 2000 No 67, Sch 1 [13].