Continuation of boards and members
89 Continuation of boards and members
A board of members (however described) (an existing board) of a continued foundation that was established under the repealed Act and in existence immediately before the commencement continues as the board of the foundation under this Act.
An existing board is taken to be established under section 27.
A thing done by or in relation to an existing board before the commencement is taken to be a thing done by or in relation to the board continued under this section.
Without limiting subsection (1) or (2)—
a person who holds the office of a member of an existing board continues to hold office as a member of the board under this Act until—
the end of the person’s term of office; or
the person earlier vacates office; and
a person serving as a chairperson or deputy chairperson continues to hold office as a chairperson or deputy chairperson of the board under this Act until—
the end of the person’s term of office; or
the person earlier vacates office.
This Act’s bill:Explanatory memorandumSecond reading speech
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