(1) This section applies to a person who, immediately before the corporatisation date, was an employee of the Snowy Mountains Hydro - electric Authority whose period of service under the Long Service Leave Act was at least 10 years.
(2) Even though the employee ceases to be employed in Government Service for the purposes of the Long Service Leave Act, the employee's accrued rights under that Act continue if the employee becomes an employee of the Snowy Hydro Company on the corporatisation date. However, the employee is not entitled to receive any payment because he or she ceases to be in Government Service.
(3) The Long Service Leave Act has effect on and after the corporatisation date in relation to the employee as if the Snowy Hydro Company were an approving authority for the purposes of that Act.