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3. Section 127 of the Education Reform Act 1988 shall apply to any person employed by the corporation immediately before 1st August 1998 as if the reference in that section—
(a)to a person to whom that section applies were to a person so employed;
(b)to the transfer date were to 1st August 1998;
(c)to the transferor authority were to the corporation; and
(d)to the corporation were to Loughborough University.
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