Commonwealth Numbered Acts

COMMONWEALTH BANKS AMENDMENT ACT 1984 No. 76 of 1984 - SECT 13

13. Sections 33, 34, 35 and 36 of the Principal Act are repealed and the
following sections are substituted: Management of Commonwealth Bank

"35. (1) The person occupying, or performing the duties of, a position in the
Service that is designated pursuant to a determination in force under
sub-section (3) shall, under the Managing Director, manage the Commonwealth
Bank, but if no such determination is in force the Managing Director shall
manage the Commonwealth Bank.

"(2) The Managing Director, or a person managing the Commonwealth Bank
pursuant to sub-section (1), shall, in relation to the management of the
Commonwealth Bank, act in accordance with the policy of the Commonwealth Bank
and with the directions of the Board.

"(3) The Board may make a determination designating a position in the Service
for the purposes of this section and may make a determination revoking a
determination designating such a position. Commonwealth Bank to pay share of
expenses of Corporation

"36. The Commonwealth Bank shall pay to the Corporation an amount determined
by the Board to be the proportion of the expenses of the Corporation
attributable to the Commonwealth Bank.".