Remuneration and costs
47ZU Remuneration and costs
If a person appointed as an administrator under section 47ZQ(1)(b) or as an Interim Coordinator under section 47ZT(1) is not employed in the Public Sector (as defined in the Public Sector Management Act 1994), the person is entitled to be paid the remuneration determined by the CEO.
The costs of and incidental to the performance of the functions of an administrator appointed under section 47ZQ(1)(b) are payable by the company to which the administrator is appointed.
Unless the CEO directs otherwise, the costs of and incidental to the performance of the functions of an Interim Coordinator are payable by the company (not itself also being an Interim Coordinator) that was the Coordinator most recently before the Interim Coordinator.
[Section 47ZU inserted: No. 5 of 2019 s. 6.]
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