Commonwealth Consolidated Acts

COMMONWEALTH BANK SALE ACT 1995 - SECT 7

  (1)   The SRC Act continues to apply after the transfer time in relation to:

  (a)   injuries suffered by employees of the Bank body before the transfer time; and

  (b)   loss of, or damage to, property incurred by employees of the Bank body before the transfer time;

including employees who have stopped being employees of the Bank body before the transfer time.

  (2)   For the purposes of subsection   ( 1), the SRC Act continues to apply as if:

  (a)   the Bank body continued to be a Commonwealth authority; and

  (b)   the chief executive officer (however described) of the Bank body continued to be the principal officer of a Commonwealth authority.