New South Wales Consolidated Acts

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STATE OWNED CORPORATIONS ACT 1989 - SCHEDULE 9

SCHEDULE 9 – Chief executive officers of statutory SOCs

(Section 20K)

1 Term of office

Subject to this Schedule, the chief executive officer of a statutory SOC holds office for such period (not exceeding 5 years) as may be specified in the chief executive officer’s instrument of appointment.

2 Conditions of employment

The board of a statutory SOC may, with the approval of the portfolio Minister, fix the conditions of employment of the chief executive officer in so far as they are not fixed by or under any other Act or law.

3 Remuneration

The chief executive officer of a statutory SOC is entitled to be paid such remuneration (including travelling and subsistence allowances) as the portfolio Minister may from time to time determine after considering advice from the board.

4 Performance agreements

The board of a statutory SOC may require the chief executive officer to enter into performance agreements.

5 Acting chief executive officer

(1) The portfolio Minister may, from time to time, appoint a person to act in the office of chief executive officer of a statutory SOC during the illness or absence of the chief executive officer. The person, while so acting, has all the functions of the chief executive officer and is taken to be the chief executive officer.
(2) The portfolio Minister may remove a person from any office, to which the person was appointed under this clause, at any time for any or no reason and without notice.
(3) A person while acting in the office of a chief executive officer is entitled to be paid such remuneration (including travelling and subsistence allowances) as the portfolio Minister may from time to time determine in respect of the person.
(4) For the purposes of this clause, a vacancy in the office of a chief executive officer is regarded as an absence from office of the chief executive officer.

6 Removal from office

The Governor, on the recommendation of the portfolio Minister, may remove the chief executive officer of a statutory SOC from office at any time for any or no reason and without notice. Such a removal cannot be effected unless it is recommended by the board.



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