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STATUTORY BODIES FINANCIAL ARRANGEMENTS ACT 1982 - SECT 24
Appointing a person to recover guarantee amount etc.
24 Appointing a person to recover guarantee amount etc.
(1) A regulation may appoint a person as an appointee for the statutory body.
(2) If the Treasurer considers urgent action in relation to the statutory body
is necessary to prevent losses or mismanagement that would limit the recovery
of the recovery amounts, the Treasurer may, by gazette notice, appoint a
person as an appointee for the body.
(3) The Treasurer may only recommend a
person to the Governor in Council for appointment under subsection (1) , or
appoint a person under subsection (2) , who, in the Treasurer’s opinion, is
a suitable person to exercise the powers of an appointee for the statutory
body.
(4) The appointment by the Treasurer may not be longer than 28 days
after the date of the gazette notice.
(5) However, if a regulation is made
appointing an appointee for the statutory body before the appointment by the
Treasurer ends, the appointment by the Treasurer is taken to have ended
immediately before the appointment under the regulation starts.
(6) The
regulation or notice may provide for the appointee’s remuneration including
the way in which the remuneration is to be calculated.
(7) Subsection (6) and
section 25 (3) do not limit the matters a regulation or notice may include.
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