GOVERNMENT OWNED CORPORATIONS AMENDMENT ACT 2007 No. 10 - SECT 23 23 Replacement of s 62E (Appointment of company GOC's first chief executive officer)

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GOVERNMENT OWNED CORPORATIONS AMENDMENT ACT 2007 No. 10 - SECT 23

23 Replacement of s 62E (Appointment of company GOC's first chief executive officer)

Section 62E--

omit, insert--

'(1) The first chief executive officer of a GOC may be appointed under section 102 before the commencement of a regulation declaring the candidate GOC to be a GOC.

'(2) For acting under the section--

(a) a reference in the section to the GOC's board is taken to be a reference to the candidate GOC's board of directors; and

(b) a reference in the section to the shareholding Ministers is taken to be a reference to the responsible Ministers of the candidate GOC.'.

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