Commonwealth Numbered Acts

COMMONWEALTH BANKS ACT 1974 No. 81 of 1974 - SCHEDULE

SCHEDULE
Section 4 (1)

             AMENDMENTS   RELATING  TO  REMUNERATION  OF  OFFICERS
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Provision                    Amendment

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Sub-section 14 (5)  . . .    Omit the sub-section, substitute the following

sub-sections:-

"(5) A member of the Board shall be paid by the
Corporation such remuneration (if any) as is
determined by the Remuneration Tribunal.

"(6) Subject to the Remuneration Tribunals Act
1973-1974, a member of the Board shall be paid by
the Corporation such allowances as are
prescribed.".
Sub-section 25 (2)  . . .    Omit the sub-section, substitute the following

sub-sections:-

"(2) The Managing Director and the Deputy
Managing Director shall be paid by the Corporation
such remuneration as is determined by the
Remuneration Tribunal.

"(3) Subject to the Remuneration Tribunals Act
1973-1974, the Managing Director and the Deputy
Managing Director shall be paid by the Corporation
such allowances as are prescribed.".
Sub-section 33 (3)  . . .    Omit the sub-section, substitute the following

sub-sections:-

"(3) The General Manager of the Trading Bank
shall be paid by the Trading Bank such remuneration
as is determined by the Remuneration Tribunal.

"(4) Subject to the Remuneration Tribunals Act
1973-1974, the General Manager of the Trading Bank
shall be paid by the Trading Bank such allowances
as are prescribed.".
Sub-section 45 (3)  . . .    Omit the sub-section, substitute the following

sub-sections:-

"(3) The General Manager of the Savings Bank
shall be paid by the Savings Bank such remuneration
as is determined by the Remuneration Tribunal.

"(4) Subject to the Remuneration Tribunals Act
1973-1974, the General Manager of the Savings Bank
shall be paid by the Savings Bank such allowances
as are prescribed.".
Sub-section 78 (3)  . . .    Omit the sub-section, substitute the following

sub-sections:-

"(3) The General Manager of the Development Bank
shall be paid by the Development Bank such
remuneration as is determined by the Remuneration
Tribunal.

"(4) Subject to the Remuneration Tribunals Act
1973-1974, the General Manager of the Development
Bank shall be paid by the Development Bank such
allowances as are prescribed.".
Section 101 . . . . . . .    (a)  Omit from sub-section (3) ", and shall be

paid by the Corporation such remuneration,".

   (b)  Insert after sub-section (3) the following
sub-sections:-

"(3A) The Chairman of the Promotions Appeal
Board shall be paid by the Corporation such
remuneration as is determined by the Remuneration
Tribunal.

"(3B) Subject to the Remuneration Tribunals Act
1973-1974, the Chairman of the Promotions Appeal
Board shall be paid by the Corporation such
allowances as are prescribed.".
Section 109 . . . . . . .    (a)  Omit from sub-section (3) ", and shall be

paid by the Corporation such remuneration,".

   (b)  Insert after sub-section (3) the following
sub-sections:-

"(3A) The Chairman of the Disciplinary Appeal
Board shall be paid by the Corporation such
remuneration as is determined by the Remuneration
Tribunal.

"(3B) Subject to the Remuneration Tribunals Act
1973-1974, the Chairman of the Disciplinary Appeal
Board shall be paid by the Corporation such
allowances as are prescribed.".
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