Eligibility requirements for CEO, Deputy CEO and chief executive
359 Eligibility requirements for CEO, Deputy CEO and chief executive
(1) This section applies if a CEO, Deputy CEO or chief executive was appointed and entered into a contract of employment before the commencement.
(2) Section 166 of the new Act does not apply to the CEO or Deputy CEO during the term of the CEO or Deputy CEO's contract of employment.
(3) Section 71 of the new Act does not apply to the chief executive during the term of the chief executive's contract of employment.
However:
(a) section 166 of the new Act applies to the CEO or Deputy CEO if the CEO or Deputy CEO is reappointed and enter into a renewal of the CEO or Deputy CEO's contract of employment after the commencement; and
(b) section 71 of the new Act applies to the chief executive if the chief executive is reappointed and enters into a renewal of the chief executive's contract of employment after the commencement.
This Act’s bill:Explanatory statementSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.