50Transfer of Corporation staff

50 Transfer of Corporation staff s. 50 (1) A person listed as an officer or employee of the Corporation in a document under section 49 who was such an officer or employee immediately before the relevant date is to be regarded as— (a) having been employed by the new employer with effect from the relevant date; and (b) having been so employed on the same terms and conditions as those that applied to the person, immediately before the relevant date, as an officer or employee of the Corporation; and (c) having accrued an entitlement to benefits, in connection with that employment by the new employer, that is equivalent to the entitlement that the person had accrued, as an officer or employee of the Corporation, immediately before the relevant date. (2) The service of a transferred Corporation employee as an employee of the new employer is to be regarded for all purposes as having been continuous with the service of the employee, immediately before the relevant date, as an officer or employee of the Corporation. (3) A transferred Corporation employee is not entitled to receive any payment or other benefit by reason only of having ceased to be an officer or employee of the Corporation because of this Act. (4) A certificate purporting to be signed by the chief executive officer certifying that a person named in the certificate was with effect from the relevant date employed, by virtue of this section, by a person named in the certificate is admissible in evidence in any proceedings and is conclusive proof of the matters stated in it. S. 51