sec.66Terms of appointment and role of administrator

sec.66 Terms of appointment and role of administrator

This section applies to an administrator appointed by the chief executive under section 65 (3) (b) (iii) to conduct operations under a general licence. The administrator holds office on terms decided by the chief executive. The administrator— has full control of, and responsibility for, the licensee’s operations conducted under the licence; and subject to any directions of the chief executive, must conduct the operations under this Act as if the administrator were the licensee. The costs of and incidental to the administrator’s conduct and administration of the licensee’s operations under the licence are payable by the licensee. This section and section 65 (3) (b) (iii) apply despite the Corporations Act . s 66 amd 2001 No. 45 s 29 sch s 2 – 3 (sec.66-ssec.1) This section applies to an administrator appointed by the chief executive under section 65 (3) (b) (iii) to conduct operations under a general licence. (sec.66-ssec.2) The administrator holds office on terms decided by the chief executive. (sec.66-ssec.3) The administrator— has full control of, and responsibility for, the licensee’s operations conducted under the licence; and subject to any directions of the chief executive, must conduct the operations under this Act as if the administrator were the licensee. (sec.66-ssec.4) The costs of and incidental to the administrator’s conduct and administration of the licensee’s operations under the licence are payable by the licensee. (sec.66-ssec.5) This section and section 65 (3) (b) (iii) apply despite the Corporations Act .

• (a) has full control of, and responsibility for, the licensee’s operations conducted under the licence; and
• (b) subject to any directions of the chief executive, must conduct the operations under this Act as if the administrator were the licensee.