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Legislative Assembly for the ACT: 1996 Week 8 Hansard (27 June) . . Page.. 2267 ..

Clause 1

Debate resumed from 25 June 1996.

Clause agreed to.

Remainder of Bill, by leave, taken as a whole

MR WOOD (12.52), by leave: Mr Speaker, I move the amendments circulated in my name as follows:

Schedule - Proposed Schedule 5 to the Territory Owned Corporations Act 1900 -

Page 12, line 8, insert the following clause:

"Substituted section 12

1A. Section 12 does not apply in relation to the Company or the staff of the Company and the following section so applies as if it were substituted for that section:

`Directors

.

`12. (1) The directors of the Company shall include a person who is elected in accordance with the articles of association of the Company referred to in Part II.

`(2) A person is not eligible to be a director of the Company unless -

(a) he or she is a director referred to in subsection (1); or

(b) in the opinion of the voting shareholders, he or she has the expertise or skills necessary to assist the corporation to achieve its principle objectives.'.".

Page 13, line 2, add the following clause:

"Operation of Part II of Schedule 3

6. Part II of Schedule 3 does not apply in relation to the Company or the staff of the Company and the following Part so applies as if it were substitute for that Part:

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