(1) Subsection (2)
applies in relation to the remuneration of a director of a GTE while —
(a) the
GTE is a Government entity; and
(b) the
director is a director for the purposes of the Salaries and Allowances Act
1975 section 7D.
(2) The remuneration
of the director must be determined by the Portfolio Minister within the range
determined by the Salaries and Allowances Tribunal under the
Salaries and Allowances Act 1975 section 7D.
(3) Subsection (4)
applies in relation to the remuneration of a director of a GTE while either
—
(a) the
GTE is not a Government entity; or
(b) the
GTE is a Government entity but the office of the director is prescribed for
the purposes of paragraph (b) of the definition of director in the
Salaries and Allowances Act 1975 section 7D(1).
(4) The remuneration
of the director must be determined by the Portfolio Minister.
(5) The Portfolio
Minister for a GTE is not required, under subsection (2) or (4), to
redetermine the remuneration of a director of the GTE if they held office as a
director of the GTE immediately before the day on which the subsection began
to apply to them.
(6) Despite
subsections (1) to (5), a director is not entitled to remuneration under this
Division if 1 or more of the following applies to the director —
(a) the
director is also the GTE’s chief executive officer;
(b) the
director holds a full-time office or position that is remunerated out of funds
appropriated by Parliament;
(c) a
prescribed circumstance applies to or in relation to the director.
(7) This section,
other than subsection (6), has effect subject to section 19.