(1) If the appointment
of a company to the office of Coordinator of the scheme is revoked or
otherwise terminated, the Minister may appoint a person (the Interim
Coordinator ) to perform the functions of the Coordinator for a specified
period or until the Minister appoints an eligible company to the office of
Coordinator of the scheme under section 47X.
(2) The Minister may,
in the notice of appointment —
(a)
limit the functions or powers of the Interim Coordinator; or
(b)
attach conditions to the appointment of the Interim Coordinator.
(3) Subject to any
limits and conditions in its notice of appointment, the Interim Coordinator,
during its term of appointment and to the exclusion of any other person
—
(a) has
the functions of the Coordinator under this Act; and
(b) has
any other functions stated in the notice of appointment.
(4) Subject to any
limits and conditions in its notice of appointment, the Interim Coordinator
has all the powers it needs to perform its functions.
(5) Unless this Act
expressly provides otherwise, or the context otherwise requires, during the
term of an Interim Coordinator’s appointment, this Act applies to the
Interim Coordinator as if a reference in this Act to the Coordinator were a
reference to the Interim Coordinator.
(6) The application of
this Act to the Interim Coordinator under subsection (5) is subject to any
modifications that are necessary or are prescribed by the regulations.
(7) Regulations may
deal with any matter in relation to the Interim Coordinator.
[Section 47ZT inserted: No. 5 of 2019 s. 6.]