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Overseas Investment Act 2005

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

67: Transferring employee must be employed in equivalent employment

You could also call this:

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

Illustration for Overseas Investment Act 2005

If you are an employee who transfers to LINZ under section 66, you must get a job with LINZ that is similar to the one you had before. This means you will be doing a similar job, in the same area, and your pay and work conditions will be just as good or better. You will keep these conditions until you and the chief executive of LINZ agree to change them.

When you get this new job, it is called "equivalent employment". This means LINZ must employ you in a job that is substantially the same as your old one. You will also be working in the same general area as before.

The terms and conditions of your new job with LINZ must be no less favourable than your old job, and this will continue until you agree to change them with the chief executive of LINZ.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM358092.

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

67Transferring employee must be employed in equivalent employment

  1. An employee who transfers to LINZ under section 66 must be employed in equivalent employment to his or her employment immediately before the commencement of section 63.

  2. In subsection (1), equivalent employment means employment by LINZ of the employee—

  3. in substantially the same position; and
    1. in the same general locality; and
      1. on terms and conditions that are no less favourable.

        1. The requirement that the terms and conditions of the employee's employment with LINZ are no less favourable continues to apply until those terms and conditions are varied by agreement between the employee and the chief executive of LINZ.