(1) For the purposes of section 27, an employee's long service leave credit is equal to the long service leave credit that the employee would have under the Long Service Leave Act for the period:
(a) starting when the employee started his or her period of service; and
(b) ending immediately before the corporatisation date;
if the employee had been retrenched on the corporatisation date.
(2) For the purposes of section 28, an employee's long service leave credit is the employee's long service leave credit worked out under subsection ( 1) of this section reduced by any long service leave credit used under section 27.