(1) In this section -
"secondee" means an employee seconded from the Bank to the Agency under arrangements referred to in subsection (2).
(2) The Bank and the Agency may make arrangements for the secondment of employees of the Bank to the Agency for the purposes of any function transferred from the Bank to the Agency pursuant to amendments to the Act of 1942 by this Act.
(3) A secondee may elect to become an employee of the Agency at any time until 29 February 2012.
(4) A secondee who does not make an election under subsection (3) continues to be an employee of the Bank until 29 February 2012. His or her terms of employment (including any term conferring a right to an increase in remuneration) continue to be those applicable to his or her employment by the Bank.
(5) On 1 March 2012, a secondee who has not made an election under subsection (3) shall be taken to have elected to continue to be an employee of the Bank.
(6) An election under subsection (3) to become an employee of the Agenc
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