Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

I move government amendment (1) on sheet ZA499:

(1) Schedule 1, item 1, page 27 (after line 22), at the end of Division 6, add:

153ZBA Arrangements or undertakings in relation to employees

(1) This section applies if:

(a) a body corporate (the old employer) has made arrangements or undertakings in relation to employees of the body corporate (whether or not those arrangements or undertakings bind the old employer); and

(b) the Court makes an order under subsection 153ZB(2) or (3) for the old employer to dispose of assets; and

(c) the old employer disposes of the assets to another entity (the new employer); and

(d) regulations made for the purposes of this paragraph before the disposal specify requirements in respect of arrangements or undertakings in relation to employees; and

(e) the arrangements or undertakings satisfy those requirements.

(2) The new employer must comply with the arrangements or undertakings.

(3) Subsection (2) applies despite anything in the Fair Work Act 2009.

I might make a few quick remarks on this amendment.