(5) At any time before the expiration of 24 months begining
with the appointed day the Financial Secretary and the Corporation
may agree in writing that, as from such date, not earlier than the
appointed day, as may be specified in or determined by or under the
agreement and in such circumstances (if any) as may be so specified
(a)
there shall be transferred from the Crown to, and
vested in, the Corporation any property, rights,
privileges and liabilities specified in the
agreement; or
(b)
there shall be transferred from the Corporation to,
and vested in, the Crown any property, rights,
privileges and liabilities so specified.
(6) No agreement under subsection (5) shall have effect in
relation to rights and liabilities under a contract of employment
unless the employee concerned is a party to the agreement.
(7)
In the case of any agreement under subsection (5) the
property, rights, privileges and liabilities in question shall on
the date of the coming into force of the agreement be transferred,
and by virtue of the agreement vest, in accordance with the
agreement.
(8)
Schedule 2 shall apply to rights and liabilities vested
under subsection (1).
45. Appeal to the Governor in Council
(1)
Subject to this section, where the Corporation is
aggrieved by
(a) the issuing of a letter of admonition to it under
section 43 (1);