GOVERNMENT OWNED CORPORATIONS ACT 1993 - SECT 59 59 Interim board of directors and chief executive officer for candidate GOC associate or associate subsidiary

Queensland Consolidated Acts

59 Interim board of directors and chief executive officer for candidate GOC associate or associate subsidiary

(1) A regulation may provide--

(a) that a candidate GOC associate or associate subsidiary is to have an interim board of directors and chief executive officer; and

(b) for the role of the interim board of directors.

(2) The directors on the interim board go out of office--

(a) for a candidate GOC associate--when the associate becomes a GOC; or

(b) for an associate subsidiary--when the candidate GOC associate of which it is a subsidiary becomes a GOC.