AGL Corporate Conversion Act 2002

Any person who, immediately before the conversion day, was an officer of AGL is taken on and after that day—

to hold the same, or the corresponding, office in corporatised AGL, and

to hold that office on the same terms and conditions as the office the person held in AGL immediately before that day.

Any person who, immediately before the conversion day, was an employee of AGL is taken on or after that day to be an employee of corporatised AGL on the same terms and conditions as under the person’s contract of employment with AGL immediately before that day.

The terms and conditions of employment of any employee referred to in subsection (2) may, after the conversion day, be changed in the same way as they could have been before the conversion day.

The service with AGL of an employee referred to in subsection (2) is taken to be service with corporatised AGL for all purposes and the employee’s accrued entitlements with AGL are taken to be accrued entitlements with corporatised AGL.

An employee referred to in subsection (2) is not entitled to payment (including, without limitation, any payment in lieu of leave or any damages or other compensation, whether under legislation, contract or otherwise) arising out of, or resulting from, the operation of this Act.

Nothing in this section affects the continued application of any industrial instrument under the Industrial Relations Act 1996 to the employment of an employee referred to in subsection (2).