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AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY ACT 1998No. 50, 1998 - SECT 42
Acting appointments
(1) The Board may appoint a person to act as the CEO:
(a) during a vacancy in
the office of CEO (whether or not an appointment has previously been made to
the office); or
(b) during any period, or during all periods, when the CEO is absent from
duty or from Australia, or is for any reason unable to perform the
duties of the office.
(2) Anything done by or in relation to a person purporting to act under an
appointment is not invalid merely because:
(a) the occasion for the
appointment had not arisen; or
(b) there was a defect or irregularity in connection with the appointment;
or
(c) the appointment had ceased to have effect; or
(d) the occasion to act had not arisen or had ceased.
Note: For further
information about acting appointments, see section 33A of the Acts
Interpretation Act 1901 .
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