Nothing in section 7 prevents—
(a) any of the terms and conditions of employment of a transferred employee from being altered by or under any law, award or agreement with effect from any time on or after the commencement day; or
(b) a transferred employee from resigning, or the termination of a transferred employee's employment, at any time on or after the commencement day in accordance with the then existing terms and conditions of his or her employment by the new body.