(1) On the commencement of this Act, the Ombudsman shall accept into his or her employment each person who immediately before that day was a member of the staff of the Financial Services Ombudsman’s Bureau on such terms and conditions of service relating to remuneration and superannuation as are not less favourable than the terms and conditions of service relating to remuneration and superannuation to which the person was subject immediately before that day.
(2) The terms and conditions to which a person is subject upon his or her becoming a member of the staff of the Ombudsman under subsection (1) shall be deemed to have been determined by the Ombudsman in accordance with section 15.
(3) In relation to a person transferred to the staff of the Ombudsman under subsection (1), previous service with the Financial Services Ombudsman’s Bureau shall be reckonable for the purpose of, but subject to any exceptions or exclusions in, the following enactments:
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