(1) If Division 2 or 3 of Part IV of the Public Service Act 1922 applied to an employee of the Snowy Mountains Hydro - electric Authority immediately before the corporatisation date, that Division ceases to apply to the employee on that date.
(2) If Division 4 of Part IV of the Public Service Act 1922 applied to an employee of the Authority immediately before the corporatisation date:
(a) the Officers' Rights Declaration Act 1928 ; and
(b) Division 4 of Part IV of the Public Service Act 1922 ;
cease to apply to the employee on that date.