New South Wales Consolidated Acts

LANDCOM CORPORATION ACT 2001 - SECT 10

10 Acting chief executive officer

(1) The board may, from time to time, appoint a person to act in the office of chief executive officer during the illness or absence of the chief executive officer.

(2) The board may remove a person from office as acting chief executive officer, at any time, for any or no reason and without notice.

(3) A person, while acting in the office of chief executive officer:

(a) has all the functions of the chief executive officer and is taken to be the chief executive officer, and

(b) is entitled to be paid such remuneration (including travelling and subsistence allowances) as the board may determine after consultation with the voting shareholders.

(4) For the purposes of this section, a vacancy in the office of a chief executive officer is regarded as an absence from office.

(5) Clause 5 of Schedule 9 to the State Owned Corporations Act 1989 does not apply to an acting chief executive officer of the Corporation.