6Governance of development corporation

6 Governance of development corporation

6 Governance of development corporation

(1) The affairs of a development corporation are to be managed and controlled by—

(a) if the development corporation is a chief executive governed development corporation—the chief executive of the development corporation, or

(b) if the development corporation is a board governed development corporation—the chief executive, subject to and in accordance with any directions given to the chief executive by the board of the development corporation.

(2) In the exercise of its functions, a development corporation is, except where it makes a recommendation to the Minister, subject to the control and direction of the Minister.

s 6: Am 1977 No 77, Sch 1 (1); 1979 No 136, Sch 1 (3); 1981 No 31, Sch 1 (4); 1992 No 9, Sch 1 (3); 1999 No 31, Sch 1.17 [5]; 2006 No 8, Sch 3 [4]; 2006 No 120, Sch 1.14 [1]; 2007 No 27, Sch 1.19 [2]. Subst 2008 No 26, Sch 1 [4].