27Transitional provisions relating to the SRC Act

27 Transitional provisions relating to the SRC Act

(1) If a terminating event occurs in relation to Australian Airlines, then, despite the terminating event: (a) the SRC Act continues to apply in relation to an injury or loss of, or damage to, property suffered or incurred by employees of Australian Airlines before the terminating event as if Australian Airlines continued to be a Commonwealth authority after the terminating event; and (b) Part VI of the SRC Act continues to apply in respect of claims referred to in paragraph (a) as if the reference to the Commonwealth were a reference to Australian Airlines; and (c) section 71 of the SRC Act continues to apply to Australian Airlines in respect of claims referred to in paragraph (a) as if: (i) Australian Airlines continued to be a Commonwealth authority after the terminating event; and (ii) the Chief Executive Officer (however described) continued to be a principal officer of a Commonwealth authority after the terminating event; and (d) Part III or X of the SRC Act continues to apply in relation to an employee or former employee, as the case may be, of Australian Airlines who suffered an injury before the terminating event; and (e) the Chief Executive Officer (however described) of Australian Airlines continues to be a rehabilitation authority in relation to an employee referred to in paragraph (a); and (f) Division 4A of Part VII of the SRC Act continues to apply to Australian Airlines as if: (i) Australian Airlines continued to be a Commonwealth authority; and (ii) Australian Airlines ceased to be required to pay a premium under that Division in respect of that part of a financial year which occurs after the day on which the terminating event occurred; and (iii) the following word and paragraph were added to the end of subsection 96H(1): “; or (f) in the case of an authority—the authority ceased to be required to pay a premium under this Division in respect of part of a financial year.”; and (g) Part VIIIA of the SRC Act continues to apply to Australian Airlines as if: (i) Australian Airlines continued to be a Commonwealth authority after the terminating event; and (ii) in a case where Australian Airlines has been granted a Class 1, 2 or 3 Licence under that Part—the relevant licence was revoked on the day the terminating event occurred; and (h) section 128A of the SRC Act continues to apply to Australian Airlines as if Australian Airlines continued to be an authority for the purposes of subsection 128A(4) of that Act. (2) Despite the terminating event, Part IV (other than section 43) of the SRC Act continues to apply in relation to an employee of Australian Airlines who suffered or incurred an injury or loss of, or damage to, property before the terminating event as if a reference to a Commonwealth authority were a reference to Australian Airlines. (3) The Chief Executive Officer (however described) of Australian Airlines must notify the Commission, within 28 days of the commencement of section 48, of the amount of salary, wages or pay paid to employees of Australian Airlines in the period commencing on 1 July in the financial year in which section 48 commences and ending on the day before section 48 commences. (4) If an amount of premium is payable by Australian Airlines under Division 4A of Part VII of the SRC Act and remains unpaid 60 days after the commencement of this section, that amount is a debt due to the Commonwealth and payable to Comcare. (5) For the purposes of this section, a terminating event occurs if Australian Airlines ceases to be a Commonwealth authority for the purposes of the SRC Act. (6) Unless the contrary intention appears, expressions used in this section and in the SRC Act have the same respective meanings as in that Act.