71Chief executive

71 Chief executive (1) A local government subsidiary must appoint an individual to be the chief executive for the local government subsidiary. (2) The chief executive is the person in charge of day-to-day operations of the local government subsidiary. (3) A person is not eligible to be the chief executive if: (a) the person is disqualified from managing a corporation under the Corporations Act 2001 or the Corporations (Aboriginal and (b) the person is disqualified under section 40 of the Associations Act 2003; or (c) the person is bankrupt. (4) However, a person mentioned in subsection (3) becomes eligible to be the chief executive if the circumstances in that subsection no longer apply to the person.