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HOUSING LOANS INSURANCE CORPORATION (SALE OF ASSETS AND ABOLITION) ACT 1990 No. 16 of 1991 - SECT 17
Public Service rights
17. Subject to the regulations, where a Corporation employee has rights
because of the Public Service Act 1922 and the employee:
(a) accepts an offer of employment from the buyer or a subsidiary of the
buyer before sale day; or
(b) is taken to have resigned on sale day from the employee's appointment
or engagement under the Corporation Act; the employee is taken to have
resigned from the Australian Public Service, and had his or her rights
because of the Public Service Act 1922 (other than rights in respect
of superannuation) abolished, on sale day.
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