New South Wales Consolidated Acts

CROWN LANDS ACT 1989 - SECT 96

96 Vacation of office by corporate manager

(1) A corporation which is the manager of a reserve trust vacates the office if:

(a) it resigns its office by writing under its seal addressed to the Minister, or

(b) it is removed from office by the Minister, or

(c) it completes a term of office and is not re-appointed.

(2) The Minister may, by notification in the Gazette, remove such a corporation from office at any time.

(3) If a corporation, whether appointed before or after the commencement of this subsection, is removed from office by the Minister as the manager of a reserve trust, no compensation is payable to the corporation because of the corporation ceasing to hold office.