40Acting Managing Director

40 Acting Managing Director

(1) The Board may appoint a person (other than a member) 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 duties of the office.

(2) Anything done by or in relation to a person purporting to act as Managing Director is not invalid because:

(a) the occasion for the appointment had not arisen;

(b) there was a defect or irregularity in connection with the appointment;

(c) the appointment had ceased to have effect; or

(d) the occasion for the person to act as Managing Director had not arisen or had ceased.

(3) Nothing in this section excludes the application of section 33A of the Acts Interpretation Act 1901 in relation to appointments made under this section.