Electricity Retained Interest Corporations Act 2015
5Establishment and operation
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5 Establishment and operation
5 Establishment and operation
(1) A separate corporation is constituted by this Act for each separate part of the retained interest.
(2) The corporate name of a Corporation is Electricity Retained Interest Corporation together with such additions to that name as the Treasurer determines by order published in the Gazette to distinguish between the corporations constituted by this Act.
(3) All decisions relating to the operation of a Corporation are to be made by or under the authority of the Board of the Corporation.
(4) If a Corporation has a General Manager, the General Manager is responsible for the day-to-day management of the affairs of the Corporation, subject to the policies and directions of the Board.
(5) Any act, matter or thing done in the name of, or on behalf of, a Corporation by or under the authority of the Board or the General Manager is taken to have been done by the Corporation.