Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person who, immediately before the restructuring day, held office as a member of the old body corporate is, on that day, taken to have been duly appointed:
(a) under section 17 as a non-executive Director of the Board for the balance of the term of the person's appointment; and
(b) on the terms and conditions in respect of matters other than remuneration and allowances that, immediately before the restructuring day, were applicable to the person's appointment as a member of the old body corporate.
(2) Any determination of remuneration payable to a member of the old body corporate, being a determination made in accordance with section 125F of the Broadcasting Act 1942 that is in force immediately before the restructuring day, continues in force, according to its terms, on and after that day, as if it were a determination made in accordance with section 23 of this Act and applied in respect of each non-executive Director.
(3) Regulations prescribing the allowances to be paid to members of the old body corporate, being regulations made in accordance with section 125F of the Broadcasting Act 1942 that were in force immediately before the restructuring day, continue in force, on and after that day, as if they had been made in accordance with section 23 of this Act and applied in respect of each non-executive Director.