Exemption from continuation of particular provisions for corporate entities
302 Exemption from continuation of particular provisions for corporate entities
This section applies to a corporate entity mentioned in section 297(1).
Despite section 297(3), section 72(1) of the repealed regulation does not prevent a person being both of the following at the same time—
a director of the corporate entity;
a councillor of a local government.
However—
no more than 1 director of the corporate entity can be a councillor of a local government; and
a person who is both a director of the corporate entity and a councillor of a local government can not be the chairperson or deputy chairperson of the board of the corporate entity.
In this section—
repealed regulation means the repealed Local Government (Beneficial Enterprises and Business Activities) Regulation 2010 as in force immediately before the commencement of section 297.
This Act’s bill:Explanatory memorandumSecond reading speech
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