Document ID: chunk:federal_register_of_legislation:C2004A03957:body:0:p4
Version: federal_register_of_legislation:C2004A03957
Segment Type: other
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Character Range: 7676–10596

by omitting subsection (2).

Remuneration and allowances of members

12. (1) Section 16 of the Principal Act is amended by omitting subsection (2) and substituting the following subsection:

"(2) The Chief Executive Officer is not entitled to be paid remuneration or allowances under this section.".

(2) Subsection 16 (2) of the Principal Act as amended by this section does not apply to the Chief Executive Officer until a person is appointed as the Chief Executive Officer after the commencement of this section.

Resignation

13. Section 18 of the Principal Act is amended by omitting "Governor-General" and substituting "Minister".

Termination of appointments

14. Section 19 of the Principal Act is amended:

(a) by omitting from subsection (1) "Governor-General" and substituting "Minister";

(b) by omitting from subparagraph (2) (c) (ii) "or" (last occurring);

(c) by inserting after paragraph (2) (c) the following paragraph:

        "(ca) the Minister is of the opinion that the performance of a member has been unsatisfactory for a significant period of time; or";

(d) by omitting from subsection (2) "Governor-General" and substituting "Minister";

(e) by inserting after subsection (2) the following subsections:

"(2a) Subsections (1) and (2) do not apply to the Chief Executive Officer.

    "(2b) If the Minister is of the opinion that the performance of the Board or the Corporation has been unsatisfactory for a significant period of time, the Minister may terminate the appointment of all members (other than the Chief Executive Officer) or specified members (other than the Chief Executive Officer).";

(f) by omitting from subsection (3) "who is a member of the Corporation";

(g) by omitting from subsection (3) "Corporation" (last occurring) and substituting "Board".

Meetings of Board

15. Section 21 of the Principal Act is amended by omitting from subsection (6) "4" and substituting "5".

Acting appointments

16. Section 22 of the Principal Act is amended by omitting from subsection (3) "13 (1) (c)" and substituting "13 (1) (d)".

17. After section 27 of the Principal Act the following section is inserted:

Reimbursement for financial detriment suffered as a result of declarations

"27a. (1) Where the Corporation satisfies the Minister that it has, during any period, suffered financial detriment as a result of a declaration by the Minister under section 25, 26 or 27, other than a declaration the financial detriment resulting from which has been taken into account in the financial targets included in the financial plan for a period including that period, the Corporation is entitled to be reimbursed by the Commonwealth the amount that the Minister determines, in writing, to be the amount of the financial detriment suffered by the Corporation during the period.

"(2) The reference in subsection (1) to the Corporation suffering financial detriment includes a reference to