(a) no more than 1 director of the corporate entity can be a
councillor of a local government; and
(b) a person who is both a director of
the corporate entity and a councillor of a local government can not be the
chairperson or deputy chairperson of the board of the corporate entity.
(4)
In this section—
"repealed regulation" means the repealed Local Government (Beneficial
Enterprises and Business Activities) Regulation 2010 as in force immediately
before the commencement of section 297.