Document ID: chunk:federal_register_of_legislation:C2021A00132:clause:1_15
Version: federal_register_of_legislation:C2021A00132
Segment Type: clause
Provision Reference: sch 1 cl 15
Character Range: 65863–67489

15  Interim Board to establish investment committee
(1) The Interim Board of the NTAI Corporation must, after appointing at least one person in accordance with item 14 and before the NTAI Corporation commencement day:
 (a) establish an investment committee for the NTAI Corporation; and
 (b) appoint members of the committee.
(2) A thing done by the Interim Board under subitem (1) takes effect on the NTAI Corporation commencement day as if the thing had been done by the Board of the NTAI Corporation on that day.
(3) Subsections 65FA(3) to (5) of the principal Act apply in relation to an appointment made under subitem (1) as if:
 (a) the reference in paragraph 65FA(4)(a) of that Act to "Board members" included a reference to persons appointed in accordance with item 12 or 14 before the NTAI Corporation commencement day; and
 (b) the reference in paragraph 65FA(4)(b) of that Act to "the Board" were a reference to the Interim Board; and
 (c) the reference in paragraph 65FA(5)(a) of that Act to "the Board member appointed by the Finance Minister under subsection 65EC(2)" included a reference to the person appointed in accordance with subitem 12(3) before the Interim Board commencement day; and
 (d) the reference in paragraph 65FA(5)(b) of that Act to "Board member appointed by the Board under subsection 65ED(1)" included a reference to a person appointed in accordance with item 14 before the NTAI Corporation commencement day.
(4) An appointment made under subitem (1) takes effect on the NTAI Corporation commencement day as if the appointment had been made by the Board of the NTAI Corporation on that day.