Commonwealth Numbered Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1974 No. 122 of 1974 - SECT 54

54. (1) The Managing Director and the Deputy Managing Director shall be
appointed by the Governor-General.

(2) A person appointed as Managing Director or Deputy Managing Director shall
hold office for such period, not exceeding 6 years, as the Governor-General
specifies in his instrument of appointment.

(3) A person appointed as Managing Director or Deputy Managing Director is
eligible for re-appointment.

(4) A person who has attained the age of 65 years shall not be appointed or
re-appointed as Managing Director or Deputy Managing Director and a person
shall not be appointed or re-appointed as Managing Director or Deputy Managing
Director for a period that extends beyond the date on which he will attain the
age of 65 years.

(5) The Managing Director and the Deputy Managing Director hold office on such
terms and conditions (if any) in respect of matters not provided for by this
Act as are determined by the Governor-General.