Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Where a motion of no confidence in an R&D Corporation or in the Chairperson is moved at an annual general meeting:
(a) the person presiding at the meeting must cease to preside until the motion has been voted on; and
(b) an employee of the Corporation selected by the Chairperson is to preside.
(2) Where a motion of no confidence in the Corporation is passed at the meeting:
(a) the office of each of the directors (other than the Executive Director) is to be taken to be vacant for the purposes of Part 4 immediately after the meeting; and
(b) the Minister must:
(i) within one month after the meeting, by notice published in the Gazette , terminate the appointment of each of the directors (other than the Executive Director) with effect from a day specified in the notice; and
(ii) under section 17, appoint a different Chairperson; and
(iii) under section 17, appoint persons, in accordance with Part 4, in the place of the nominated directors whose appointments have been so terminated.
(3) The fact that a person's appointment as a director has been terminated under subparagraph (2)(b)(i) does not prevent the person being re - appointed under subparagraph (2)(b)(iii).
(4) Where a motion of no confidence in the Chairperson is passed at the meeting, the Minister must:
(a) terminate the Chairperson's appointment as soon as possible after the meeting; and
(b) within 2 months after the meeting, appoint another person as the Chairperson.