Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to subsection (2), the Managing Director shall be appointed by the Board for a period of 5 years, but is eligible for re‑appointment.
(2) Where the person holding office as Managing Director is re‑appointed, the re‑appointment shall be for a period not exceeding 5 years.
(3) The Managing Director holds office, subject to this Part, on such terms and conditions as are determined by the Board.
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