Document ID: chunk:federal_register_of_legislation:C2004A03362:body:0:p4
Version: federal_register_of_legislation:C2004A03362
Segment Type: other
Provision Reference: 
Character Range: 8611–11373

the Organisation.".
(2) Sub-section 9aa (2) of the Principal Act as amended by this Act does not apply to a controlling interest that commenced to be held before the commencement of this section.

Institutes to be established
9. Section 9ab of the Principal Act is amended—
     (a) by omitting from sub-section (1) "Executive" and substituting "Board";
     (b) by omitting from sub-section (3) "Executive" and substituting "Chief Executive"; and
     (c) by omitting from sub-section (3) "it thinks fit" and substituting "the Chief Executive determines".
10. After section 10 of the Principal Act the following Part is inserted:

"PART IIa—THE CHIEF EXECUTIVE OF THE ORGANISATION

Chief Executive of the Organisation
"10a. (1) There shall be a Chief Executive of the Organisation.
"(2) The affairs of the Organisation shall, subject to sub-section (3), be conducted by the Chief Executive.
"(3) The Chief Executive shall, in conducting any of the affairs of the Organisation and in exercising any powers conferred on the Chief Executive by this Act or the regulations or by the Science and Industry Endowment Act 1926, act in accordance with any policies determined, and any directions given, by the Board.
"(4) All acts and things done in the name of, or on behalf of, the Organisation by or with the authority of the Chief Executive shall be deemed to have been done by the Organisation.

Appointment of Chief Executive, &c.
"10b. (1) The Chief Executive shall be appointed by the Governor-General and, subject to this Act, holds office on a full-time basis for such period, not exceeding 5 years, as is specified in the instrument of appointment.
"(2) The Minister shall, before an appointment is made to the office of Chief Executive, consult with the Board in relation to the appointment.
"(3) A person who has attained the age of 65 years shall not be appointed as the Chief Executive and a person shall not be appointed as the Chief Executive for a period that extends beyond the day on which the person will attain the age of 65 years.
"(4) The Chief Executive holds office on such terms and conditions (if any) in respect of matters not provided for by this Act as are determined by the Governor-General.

Leave of absence
"10c. The Minister may grant leave of absence to the Chief Executive on such terms and conditions as to remuneration or otherwise as the Minister determines.

Resignation
"10d. The Chief Executive may resign the office of Chief Executive by writing signed by the Chief Executive and delivered to the Governor-General.

Termination of appointment
"10e. (1) The Governor-General may terminate the appointment of the Chief Executive for misbehaviour or physical or mental incapacity.
"(2) If the Chief Executive—
     (a) becomes