Document ID: chunk:federal_register_of_legislation:C2006A00087:clause:1_47
Version: federal_register_of_legislation:C2006A00087
Segment Type: clause
Provision Reference: sch 1 cl 47
Character Range: 17113–17968

47  CEO

Appointment, terms and conditions

(1) The person holding office as CEO under section 34 of the old law immediately before the commencement time:
 (a) is taken to have been duly appointed by the Minister under subsection 34(1) of the new law for the balance of the term of appointment under subsection 34(2) of the old law; and
 (b) is taken to have been so appointed on the same terms and conditions as applied to the person immediately before the commencement time.

Directions

(2) A direction:
 (a) under subsection 7(1) of the old law given to the Board about the performance of the ARC's functions; and
 (b) in force immediately before the commencement time;
continues to have effect from the commencement time as if it were a direction under subsection 33C(1) of the new law given to the CEO about the performance of the CEO's functions.