Commonwealth Consolidated Acts

EXPORT FINANCE AND INSURANCE CORPORATION ACT 1991 - SECT 79

  (1)   Whenever:

  (a)   there is a vacancy in the office of Managing Director (whether or not an appointment has previously been made to the office); or

  (b)   the Managing Director is absent from duty or from Australia or is, for any other reason, unable to perform the functions of his or her office;

then:

  (c)   if there is a Deputy Managing Director--the Deputy Managing Director is to act as Managing Director; or

  (d)   if there is no Deputy Managing Director--the Board may appoint a person to act as Managing Director.

Note:   For rules that apply to persons acting as the Managing Director, see section   33A of the Acts Interpretation Act 1901 .

  (2)   The Board may appoint a person to act as Deputy Managing Director:

  (a)   during a vacancy in the office of Deputy Managing Director (whether or not an appointment has previously been made to the office); or

  (b)   during any period, or during all periods, when the Deputy Managing Director is absent from duty or from Australia or is, for any other reason (including the reason that the Deputy Managing Director is acting as Managing Director), unable to perform the functions of his or her office.

Note:   For rules that apply to acting appointments, see section   33A of the Acts Interpretation Act 1901 .