20Acting Managing Director

#### 20 Acting Managing Director (1) The Board may appoint a person to act as Managing Director: (a) during a vacancy in the office of Managing Director, whether or not an appointment has previously been made to the office; or (b) during any period, or during all periods, when the Managing Director is absent from duty or from Australia or is, for any other reason, unable to perform the functions of the office. > Note: For rules that apply to acting appointments, see sections 33AB and 33A of the Acts Interpretation Act 1901. (3) The Board may: (a) determine the terms and conditions of appointment, excluding remuneration and allowances, of a person acting as Managing Director; and (b) terminate such an appointment at any time. (4) An employee of the Corporation who is acting as Managing Director shall continue to be paid the remuneration and allowances payable to him or her as such an employee but shall also be paid: (a) so much of any remuneration payable to the Managing Director as exceeds the remuneration that so continues to be paid to the employee; (b) so much of any allowance payable to the Managing Director as exceeds the corresponding allowance that so continues to be paid to the employee; and (c) if an allowance is payable to the Managing Director in respect of which there is no corresponding allowance payable to the employee—that allowance. (6) The appointment of a person to act as Managing Director ceases to have effect if he or she resigns the appointment by writing signed by him or her delivered to the Chairperson or, if a Director is acting as Chairperson, to the Director so acting. (8) A reference in this Act other than this section and section 9 to the Managing Director shall, if a person is acting as Managing Director, be construed as a reference to the person so acting.