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Overseas Investment Act 2005

Consent and conditions regime - Transitional provisions and amendments to other enactments - Dissolution of Commission

66: Transfer to LINZ

You could also call this:

"Move to LINZ and keep your job with the Reserve Bank"

Illustration for Overseas Investment Act 2005

If you were working for the Reserve Bank with the Commission and you want to keep your job, you can move to LINZ. You need to give a written notice to the chief executive of LINZ saying you want to transfer. When section 63 starts, you can move to LINZ if you have given this notice.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM358091.

Topics:
Government and voting > Government departments
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65: No compensation for loss of office, or

"You don't get paid if you lose your job because of the Overseas Investment Act."

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67: Transferring employee must be employed in equivalent employment, or

"You get a similar job at LINZ with the same or better pay and conditions."

Part 2Consent and conditions regime
Transitional provisions and amendments to other enactments: Dissolution of Commission

66Transfer to LINZ

  1. A person who was employed by the Reserve Bank in a position with the Commission immediately before the commencement of section 63 and who has given a written notice of transfer of employment to the chief executive of LINZ is entitled on the commencement of section 63 to be transferred to LINZ.