Victorian Current Acts

TREASURY CORPORATION OF VICTORIA ACT 1992 - SECT 11

    (1)     There shall be a Board of Directors of the Corporation.

S. 11(1A) inserted by No. 31/1993 s. 4.

    (1A)     The Board—

        (a)     is responsible for the management of the affairs of the Corporation; and

        (b)     may exercise the powers of the Corporation.

S. 11(2) amended by No. 24/1995 s. 5(a).

    (2)     The Board shall consist of the chief executive officer of the Corporation appointed under section 24 and not less than 5, and not more than 7, other directors appointed by the Governor in Council on the recommendation of the Treasurer.

    (3)     The Treasurer must appoint one of the directors as Chairperson of the Board and one as Deputy Chairperson of the Board.

S. 11(4) amended by No. 24/1995
s. 5(b).

    (4)     A person who is the chief executive officer of the Corporation is not eligible to be chairperson or deputy chairperson.

    (5)     An officer of the Corporation, other than the chief executive officer, is not eligible to be a Director.