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Legislative Assembly for the ACT: 1999 Week 2 Hansard (10 March) . . Page.. 529 ..

MR QUINLAN

that rare situation where you might have a board resign en masse. It still allows for an immediate appointment of that board and the review process to take place ex post. I commend the Bill to the Assembly.

Question resolved in the affirmative.

Bill agreed to in principle.

Bill, by leave, taken as a whole

MS CARNELL (Chief Minister and Treasurer) (3.57): Mr Speaker, I move:

Page 2, line 4, clauses 4 and 5, omit the clauses, substitute the following clause:

"4. Insertion

After section 12 of the Principal Act the following section is inserted:

'12A. Information to relevant committee on appointment of director

'(1) Where the voting shareholders have -

(a) appointed a director of a Territory owned corporation; or

(b) consented to the appointment of a director of a subsidiary, and the director has been appointed;

they shall inform the relevant committee of the name, qualifications and experience of the director.

'(2) In this section -

"relevant committee" means -

(a) a standing committee of the Legislative Assembly nominated by the Speaker of the Legislative Assembly for the purposes of this section; or

(b) where no nomination in paragraph (a) is in effect - the standing committee of the Legislative Assembly responsible for the scrutiny of public accounts.'.".

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