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Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996
No longer in force
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Administered by
Department of the Treasury
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C2004C01141 C02
15 July 2001
-
29 March 2018
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Part 1—Preliminary
1 Short title [see Note 1]
2 Commencement [see Note 1]
3 Definitions
4 Act binds the Crown
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Part 2—The Company
5 Shares in the Company
6 The Company is not the Crown
7 Transfer of the Corporation’s assets and liabilities
8 Certain instruments to continue in force
9 Pending proceedings
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Part 3—Management of pre-transfer contracts
10 Agreement between the Commonwealth and the Company for management of pre-transfer contracts and establishment of Insurance Account
11 Guarantee by Commonwealth
12 Payments into Insurance Account
13 Payments out of Insurance Account
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Part 4—Transfer and rights of employees
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Division 1—Transfer of employees from Corporation to Company
14 Transfer to Company of employees of Corporation
15 Variations of terms and conditions of employment
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Division 2—Transitional and saving provisions in relation to long service leave
16 Interpretation
17 Long service leave for employees with less than 10 years service
18 Payments in lieu of long service leave for employees with less than 10 years service
19 Payments on the death of an employee
20 Employee’s long service leave credit for the purposes of sections 17 and 18
21 Division not to affect an employee’s future long service leave rights
22 Saving—Long Service Leave Act
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Division 3—Transitional and saving provisions relating to the Safety, Rehabilitation and Compensation Act 1988
23 Interpretation
24 Transitional provisions relating to the SRC Act in respect of certain employees of the Company
25 Company liable to meet certain SRC Act liabilities and to be taken to be the employer in certain circumstances under the SRC Act
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Division 4—Transitional and saving provisions in relation to maternity leave
26 Interpretation
27 Transitional maternity leave provisions for maternity leave beginning on or after transfer day
28 Transitional maternity leave provisions relating to employees of the Corporation who were on maternity leave immediately before the transfer day
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Division 5—Other transitional and saving provisions
29 Transitional provisions relating to the CSB Act
30 Saving—DPP Act
31 Cessation of mobility rights
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Part 5—Miscellaneous
32 Exemption from taxes
33 Registration etc. of changing title to assets
34 Compensation for acquisition of property
35 Company’s financial statements and reports to be laid before Parliament
36 Amendment of the Commonwealth Borrowing Levy Act 1987
37 Delegation
38 Regulations
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Part 6—Abolition of Corporation
39 Repeals
40 Final report by Corporation
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41 Judicial notice of Corporation’s seal
Notes to the STYLEREF ShortT \* MERGEFORMAT Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996