Electricity Retained Interest Corporations Act 2015
21Remuneration of Board members
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21 Remuneration of Board members
21 Remuneration of Board members
(1) A full-time or part-time member of a Board is entitled to be paid—
(a) remuneration in accordance with the Statutory and Other Offices Remuneration Act 1975, and
(b) such travelling and subsistence allowances as the Treasurer may from time to time determine in respect of the member in consultation with the Board.
(2) In making a determination of the remuneration to be paid to a member of a Board, the Tribunal under the Statutory and Other Offices Remuneration Act 1975 is to have regard to levels of remuneration paid to non-executive directors of entities that have interests in energy utility assets comparable to those of a Corporation.