Interim Coordinator
47ZT Interim Coordinator
If the appointment of a company to the office of Coordinator of the scheme is revoked or otherwise terminated, the Minister may appoint a person (the Interim Coordinator) to perform the functions of the Coordinator for a specified period or until the Minister appoints an eligible company to the office of Coordinator of the scheme under section 47X.
The Minister may, in the notice of appointment —
limit the functions or powers of the Interim Coordinator; or
attach conditions to the appointment of the Interim Coordinator.
Subject to any limits and conditions in its notice of appointment, the Interim Coordinator, during its term of appointment and to the exclusion of any other person —
has the functions of the Coordinator under this Act; and
has any other functions stated in the notice of appointment.
Subject to any limits and conditions in its notice of appointment, the Interim Coordinator has all the powers it needs to perform its functions.
Unless this Act expressly provides otherwise, or the context otherwise requires, during the term of an Interim Coordinator’s appointment, this Act applies to the Interim Coordinator as if a reference in this Act to the Coordinator were a reference to the Interim Coordinator.
The application of this Act to the Interim Coordinator under subsection (5) is subject to any modifications that are necessary or are prescribed by the regulations.
Regulations may deal with any matter in relation to the Interim Coordinator.
[Section 47ZT inserted: No. 5 of 2019 s. 6.]
This provision refers to the regulations (prescribed by the regulations
). Made under this Act:
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