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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 8 December 1993 - onwards
Version 2 of 2

80. Transitional financial provisions.

(1) The company shall pay to or in respect of every officer of the Minister transferred to the staff of the company under this Act any amount due to or in respect of that officer in respect of service as such officer and unpaid on the vesting day and the company shall, with the concurrence of the Minister for Finance, be reimbursed by the Minister in respect of any such payments (other than payments made in respect of untaken leave).

(2) The company may pay any amounts owed by the Minister for goods and services provided to the Minister in the performance of a function of the Minister corresponding to a function of the company, and unpaid on the vesting day, and the company shall, with the concurrence of the Minister for Finance, be reimbursed by the Minister in respect of any such payments.

(3) The Minister shall, with the concurrence of the Minister for Finance, pay to the company an amount equal to the amount of any advance payments received by him before the vesting day in respect of goods or services to be provided by the company on or after the vesting day less the amount of any costs incurred by him in collecting such payments.