PART 3PROVISIONS APPLYING TO ALL OCCUPATION CONTRACTS
CHAPTER 8DEALING
Sub-occupation contracts
60Sub-occupation contract never takes effect as transfer
1
This section applies if the contract-holder under an occupation contract (“the head contract”) enters into a sub-occupation contract, and the term of the sub-occupation contract ends at the same time as the term of the head contract.
2
The sub-occupation contract takes effect as a sub-occupation contract (and not as a transfer to the sub-holder).