Document ID: chunk:federal_register_of_legislation:C2019C00282:section:35
Version: federal_register_of_legislation:C2019C00282
Segment Type: section
Provision Reference: s 35
Character Range: 31886–32685

35  Functions of the CEO
 (1) The CEO:
 (a) may sign, on behalf of the Corporation, a loan agreement to be administered by the Corporation; and
 (b) is otherwise responsible for the day‑to‑day administration of the Corporation.
 (2) The CEO has power to do all things necessary or convenient to be done for or in connection with the performance of his or her duties.
 (3) The CEO is to act in accordance with policies and strategies determined by the Board.

Board directions
 (4) The Board may give written directions to the CEO, not inconsistent with any direction given to the Corporation under Division 2 of Part 2, about the performance of the CEO's duties.
 (5) The CEO must comply with a direction under subsection (4).
 (6) A direction under subsection (4) is not a legislative instrument.