(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
with the approval of 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 SOC Act does not
apply to an acting chief executive officer of TAHE.
(6) On and from the
SOC conversion day until the first meeting of the board, the
voting shareholders may, from time to time, appoint a person to act in the
office of chief executive officer until a chief executive officer (or acting
chief executive officer) is appointed by the board.