Queensland Consolidated Acts

GOVERNMENT OWNED CORPORATIONS ACT 1993 - SCHEDULE 2

In this schedule--

interim board means the interim board of directors of a relevant entity.

relevant entity means a candidate GOC associate or associate subsidiary.

responsible Ministers, for an associate subsidiary, means the responsible Ministers for the candidate GOC associate of which the associate subsidiary is a subsidiary.

The chief executive officer of a relevant entity is to be appointed by the entity's interim board with the prior written approval of the responsible Ministers.

The interim board may appoint a person to act as chief executive officer--

(a) during a vacancy in the office; or

(b) during any period, or all periods, when the chief executive officer is absent from duty or is, for another reason, unable to perform the functions of the office.

In relation to matters not provided for under this Act, the chief executive officer holds office on the terms of appointment determined by the interim board.

The chief executive officer may resign by signed notice given to the chairperson of the interim board.

(1) The interim board may, at any time, terminate the appointment of the chief executive officer for any reason or none.

(2) The termination of the appointment of the chief executive officer under subsection (1) does not affect any rights to compensation to which the chief executive officer is entitled under the terms of the chief executive officer's appointment.

A relevant entity's chief executive officer, under its interim board, manages the entity.

Anything done in the name of, or for, a relevant entity by its chief executive officer is taken to have been done by the entity.

(1) The chief executive officer of a relevant entity may delegate the chief executive officer's functions, including a function delegated to the chief executive officer, to an appropriately qualified employee of the entity.

(2) Subsection (1) has effect subject to any directions of the relevant entity's interim board.

(3) In this section--

appropriately qualified includes having qualifications, experience or standing appropriate for the function.

Example of standing--

an employee's classification level in the relevant entity

function includes power.

The senior executives of a relevant entity are to be appointed by the entity's interim board with the prior written approval of the responsible Ministers.