Document ID: chunk:federal_register_of_legislation:C2004A03716:body:0:p9
Version: federal_register_of_legislation:C2004A03716
Segment Type: other
Provision Reference: 
Character Range: 21790–24296

Managing Director holds office; or
     (c) the termination of the appointment of the Managing Director.
"(2) A person appointed to act as Managing Director shall not be present during any deliberation of the Board, or take part in any decision of the Board, in relation to:
     (a) the appointment of a person to act as Managing Director;
     (b) the determination or application of any terms or conditions on which a person appointed to act as Managing Director holds office; or
     (c) the termination of the appointment of the person.".
37. After section 52 of the Principal Act the following section is inserted:

Information relating to remuneration of Managing Director
"52a. (1) The financial statements of the Corporation prepared under section 63h of the Audit Act 1901 (as that section applies in relation to the Corporation under subsection 49 (1) of this Act) shall comply with the requirements prescribed under the Companies Act 1981 for the accounts of a listed corporation so far as those requirements relate to the income of executive officers of a listed corporation.
"(2) For the purposes of subsection (1):
     (a) the Corporation shall be taken to be a listed corporation; and
     (b) the Managing Director shall be taken to be an executive officer of the Corporation.
"(3) Expressions used in this section that are also used in the Companies Act 1981 have the same respective meanings as they have in that Act.".

NOTES

  1. No. 41, 1956, as amended. For previous amendments, see No. 87, 1962; No. 88, 1964, No. 4, 1966; No. 145, 1968; No. 55, 1969; No. 216, 1973; No. 83, 1974; No. 153, 1977; No. 36, 1978; No. 39, 1980; No. 26, 1982; Nos. 115, 127 and 136, 1983; No. 72, 1984; No. 65, 1985; and No. 76, 1986.
  2. No. 5, 1959, as amended. For previous amendments, see No. 75, 1961; No. 3, 1962; No. 57, 1963; No. 132, 1965; Nos. 58 and 93, 1966; No. 144, 1968; Nos. 18, 117 and 216, 1973; No. 81, 1974; Nos. 36 and 77, 1978; No. 177, 1980; No. 29, 1981; No. 92, 1983; Nos. 63 and 76, 1984; No. 194, 1985; and No. 182, 1987.

NOTES—continued

  3. No. 192, 1976, as amended. For previous amendments, see No. 9, 1978; Nos. 52 and 155, 1979; Nos. 6 and 61, 1981; No. 141, 1983; No. 63, 1984; No. 166, 1985; and No. 6, 1988.
  4. No. 215, 1973, as amended. For previous amendments, see No. 80, 1974; No. 96, 1975; Nos. 60 and 178, 1978; Nos. 26, 108, 136 and 155, 1979; No. 160, 1980; Nos. 61, 74 and 176, 1981; Nos. 78 and 111, 1982; Nos. 39 and 128, 1983; Nos. 63, 73 and 164,