(1) A person employed immediately before the commencement date by the Council in accordance with section 22 of the old Act continues to be employed under this Act, subject to the same terms and conditions as applied to that employment immediately before the commencement date.
(2) Nothing in subsection (1) prevents—
(a) any of the terms and conditions of employment of a person referred to in subsection (1) from being altered by or under any law, award or agreement or under this Act, the university statutes or university regulations with effect from any time after the commencement date; or
(b) a person referred to in subsection (1) from resigning or being dismissed at any time after the commencement date in accordance with the then existing terms and conditions of his or her employment by the Council.