(1) This section applies to a person if:
(a) the person is a transferred employee; and
(b) immediately before the person's transfer time:
(i) the person was a staff member of CFM; and
(ii) section 34 of the Commonwealth Funds Management Limited Act 1990 applied in relation to the person.
(2) Section 34 of the Commonwealth Funds Management Limited Act 1990 , as in force immediately before the person's transfer time, continues to apply, on and after that time, in relation to the person as if the person were a staff member of CFM for so long as the person continues to be employed by a transferred body or a CFM subsidiary.