Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The affairs of the Corporation shall, subject to subsection (2), be managed by the Managing Director.
(2) The Managing Director shall, in managing any of the affairs of the Corporation and in exercising any powers conferred on him or her by this Act, act in accordance with any policies determined, and any directions given to him or her, by the Board.
(3) All acts and things done in the name of, or on behalf of, the Corporation by the Managing Director shall be taken to have been done by the Corporation.