12Initial Board of Directors

12 Initial Board of Directors

(1)  The initial Board of Directors of the Trust is to comprise –

(a) 6 persons appointed by the Minister as the non-executive directors, one of whom is to be appointed Chairperson; and

(b) one person as the initial managing director.

(2)  Of the 6 non-executive directors appointed by the Minister, 3 are taken to be elected directors.

(3)  Of the 3 directors who are not taken to be elected directors –

(a) one is to be appointed for a term of one year; and

(b) one is to be appointed for a term of 2 years; and

(c) one is to be appointed for a term of 3 years.

(4)  Of the 3 directors who are taken to be elected directors –

(a) one is taken to be elected for a term of one year; and

(b) one is taken to be elected for a term of 2 years; and

(c) one is taken to be elected for a term of 3 years.

(5)  The initial managing director is to be the person who, immediately before the commencement of this Act, was the chief executive officer of the Trust appointed under the National Trust of Australia (Tasmania) Act 1975 .

(6)  The initial managing director is to be appointed for a term specified in the instrument of appointment.