Document ID: chunk:federal_register_of_legislation:C2004A03719:body:0:p4
Version: federal_register_of_legislation:C2004A03719
Segment Type: other
Provision Reference: 
Character Range: 8492–11245

be determined in the same manner as the question whether a corporation is a subsidiary of another corporation is determined under the Companies Act 1981.
"(4) This section does not limit the operation of subsection 103 (2).".
9. After section 10c of the Principal Act the following section is inserted:

Delegation of Corporation's powers
"10d. (1) An authorised person may, in writing, delegate to an employee all or any of the powers of the Corporation under this or any other Act.
"(2) In subsection (1):
     'authorised person' means:
         (a) the Managing Director; or
         (b) an employee who is, for the time being, authorised by the Board for the purposes of this section.".
10. Part IV of the Principal Act is repealed and the following Part is substituted:

"PART IV—DIRECTORS OF THE CORPORATION
"Division 1—Board of Directors

Establishment
"24. There shall be a Board of Directors of the Corporation.

Role
"25. (1) It is the role of the Board to determine the policies to be pursued by the Corporation.
"(2) In carrying out its role, the Board shall ensure the proper and efficient performance of the Corporation's functions and duties.

Directions to Board
"26. (1) Subject to subsection (2), the Minister may, after consultation with the Board, give to the Board such written directions in relation to the performance of the Corporation's functions, and the exercise of the Corporation's powers, as appear to the Minister to be necessary in the public interest.
"(2) The Minister shall not give a direction under subsection (1) in relation to rates of postage or fees referred to in section 18.
"(3) Where the Minister gives a direction under subsection (1), the Minister shall cause a copy of the direction to be laid before each House of the Parliament within 15 sitting days of that House after giving the direction.

Constitution
"27. The Board consists of:
     (a) the Chairperson;
     (b) the Deputy Chairperson;
     (c) the Managing Director; and
     (d) not more than 6 other directors.

Meetings etc.
"28. (1) Subject to subsection (2), meetings of the Board shall be held at such times and places as the Board, from time to time, determines.
"(2) The Chairperson:
     (a) may at any time convene a meeting; and
     (b) shall convene a meeting when requested by at least the required minimum number of directors.
"(3) The Chairperson shall preside at all meetings at which the Chairperson is present.
"(4) If the Chairperson and Deputy Chairperson are not present at a meeting, the directors present shall appoint one of their number to preside.
"(5) At a meeting of the Board:
     (a) subject to subsection (6), the required minimum number of directors constitute a quorum;
     (b) a question shall be decided