Document ID: chunk:federal_register_of_legislation:C2004A03714:body:0:p10
Version: federal_register_of_legislation:C2004A03714
Segment Type: other
Provision Reference: 
Character Range: 23915–26732

pleasure.

Managing Director holds office on full time basis
"33k. The Managing Director holds office on a full time basis.

Terms and conditions of appointment not provided for by Act
"33l. The Managing Director holds office on such terms and conditions (including terms and conditions relating to remuneration and allowances) in relation to matters not provided for by this Act as are determined by the Board.

Disclosure of interests
"33m. The Managing Director shall give written notice to the Chairperson of all direct and indirect pecuniary interests that the Managing Director has or acquires in any business or in any body corporate carrying on any business.

Acting Managing Director
"33n. (1) The Minister may appoint a director or another person to act as Managing Director during a vacancy in the office of Managing Director (whether or not an appointment has previously been made to the office).
"(2) The Board may appoint a director or another person to act as Managing Director during any period, or during all periods, when the Managing Director is absent from duty or Australia or is, for any other reason, unable to perform the duties of the office.

"(3) Anything done by or in relation to a person purporting to act as Managing Director is not invalid merely because:
     (a) the occasion for the appointment had not arisen;
     (b) there was a defect or irregularity in relation to the appointment;
     (c) the appointment had ceased to have effect; or
     (d) the occasion for the person to act had not arisen or had ceased.".

Repeal of Division 1 of Part V
13. Division 1 of Part V of the Principal Act is repealed.
14. Divisions 2 to 7 (inclusive) of Part V of the Principal Act are repealed and the following sections are substituted:

Staff
"38. (1) The Corporation may engage such employees as are necessary for the performance of its functions and the exercise of its powers.
"(2) The terms and conditions of employment shall be determined by the Corporation.

Corporation as employer
"39. The Corporation shall endeavour to achieve and maintain high standards as an employer in relation to terms and conditions of employment, occupational health, industrial safety, industrial democracy, nondiscriminatory employment practices and other matters.".

Borrowings otherwise than from Commonwealth
15. Section 72a of the Principal Act is amended:
     (a) by omitting subsection (1) and substituting the following subsection:
    "(1) The Commission may:
          (a) borrow money from persons other than the Commonwealth; and
          (b) raise money otherwise than by borrowing.";
     (b) by omitting subsections (4) and (5).

Financial policy of Commission
16. Section 73 of the Principal Act is amended by omitting from subparagraph (3) (b) (i) ", as determined by the Minister for