121Transitional provisions consequent on Government Business Enterprises and State-owned Companies Legislation Amendment Act 2009

121 Transitional provisions consequent on Government Business Enterprises and State-owned Companies Legislation Amendment Act 2009

[Section 121 Repealed by No. 42 of 2002, s. 52, Applied:27 Nov 2002]

(1)  In this section –

Forestry corporation means the Forestry corporation established under section 6 of the Forestry Act 1920 ;

former Act means the Forestry Act 1920 as in force immediately before the transfer day;

former chairperson means the person who, immediately before the transfer day, was the chairperson of the Board of Directors of the Forestry corporation;

former chief executive officer means the person who, immediately before the transfer day, was the chief executive officer, within the meaning of the former Act, of the Forestry corporation;

former director means a person who, immediately before the transfer day –

(a) was a director of the Forestry corporation appointed under section 12E(2) of the former Act; but

(b) was not also the former chairperson;

transfer day means the day on which the Government Business Enterprises and State-owned Companies Legislation Amendment Act 2009 commences.

(2)  A former director continues as a director of the Forestry corporation, and for that purpose he or she is taken to have been appointed as a director of the Board of the Forestry corporation under section 11(2) of this Act for the term, and on the conditions, to which his or her appointment under section 12E(2) of the former Act was subject.