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Transitional financial provisions.
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80.—(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).
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(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.
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(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.
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(4) The company shall collect any amount due to the Minister after the vesting day in respect of goods or services provided by the Minister before the vesting day in the performance of a function of the Minister corresponding to a function of the company and, for the purposes of this subsection, any such amount shall be deemed to be a simple contract debt due to the company that may be recovered by the company in any court of competent jurisdiction; and the company shall pay to the Minister an amount equal to the amount of any sum collected or recovered by it under this section less the amount of any costs incurred by it in collecting or recovering the amount.
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(5) Where any payments fall to be made by the company in respect of overpayments made to the Minister for goods and services provided by him before the vesting day in the performance of a function of the Minister corresponding to a function of the company, the Minister shall pay to the company an amount equal to the amount of the payments aforesaid.
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(6) All sums required to be paid under this section shall become due and payable on such date or dates as the Minister, in consultation with the company and with the concurrence of the Minister for Finance, may determine.
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(7) The company shall furnish to the Minister such information, records and documents as the Minister may require for the purposes of this section and the Minister and his officers may inspect and take copies of or of extracts from all relevant records and documents of the company.
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(8) The Minister shall furnish to the company such information, records and documents as the company may require for the purposes of this section and the company and its officers may inspect and take copies of or of extracts from all relevant records and documents held by the Minister, his Department or other State authorities.
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(9) In the event of a disagreement as to any amount to be paid by the Minister to the company or by the company to the Minister under this section, the decision of the Minister, given with the concurrence of the Minister for Finance, shall be final.
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