Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) On and after a staff member's transfer time, this section has effect for the purposes of applying a law or award to Newco's employment of a post - sale transferee.
(2) The service of the post - sale transferee as an employee of Newco is to be regarded for all purposes as having been continuous with his or her service, immediately before the sale day, as an officer or employee of the Authority.
(3) The post - sale transferee is to be regarded, immediately after his or her transfer time, as having:
(a) accrued an entitlement to Long Service Leave Act benefits, recreation leave benefits and sickness leave benefits; and
(b) an entitlement to recognition by Newco of years of service in connection with that employment;
that is equivalent to the entitlement that the person had as an officer or employee of the Authority, immediately before his or her transfer time.
(4) The post - sale transferee is not entitled to receive any payment or other benefit by reason only of having ceased to be an officer or employee of the Authority because of this Act.