(1) Local governments
proposing to form a regional subsidiary must prepare a charter addressing the
following matters —
(a) the
establishment and powers and duties of the regional subsidiary;
(b) the
process for selecting and appointing members of the regional
subsidiary’s governing body;
(c) the
qualifications that members of the regional subsidiary’s governing body
must have;
(d) the
administration of the regional subsidiary, including the membership and
procedures of its governing body, and the fees, allowances and expenses to be
paid or reimbursed to the members of its governing body;
(e) the
financial management, planning, auditing and reporting to be undertaken by the
regional subsidiary;
(f) the
process for amending the charter;
(g) the
winding up of the regional subsidiary;
(h) any
other matters required by the regulations to be dealt with in a charter.
(2) The local
governments must forward the charter to the Minister when applying for
approval for the formation of the regional subsidiary.
(3) A charter, and an
amendment to a charter, are of no effect unless approved by the Minister.
[Section 3.70 inserted: No. 26 of 2016 s. 9.]