sec.24Appointing a person to recover guarantee amount etc.

### sec.24 Appointing a person to recover guarantee amount etc. A regulation may appoint a person as an appointee for the statutory body. If the Treasurer considers urgent action in relation to the statutory body is necessary to prevent losses or mismanagement that would limit the recovery of the recovery amounts, the Treasurer may, by gazette notice, appoint a person as an appointee for the body. The Treasurer may only recommend a person to the Governor in Council for appointment under subsection (1) , or appoint a person under subsection (2) , who, in the Treasurer’s opinion, is a suitable person to exercise the powers of an appointee for the statutory body. The appointment by the Treasurer may not be longer than 28 days after the date of the gazette notice. However, if a regulation is made appointing an appointee for the statutory body before the appointment by the Treasurer ends, the appointment by the Treasurer is taken to have ended immediately before the appointment under the regulation starts. The regulation or notice may provide for the appointee’s remuneration including the way in which the remuneration is to be calculated. Subsection (6) and section 25 (3) do not limit the matters a regulation or notice may include. s 24 sub 1996 No. 54 s 8 (sec.24-ssec.1) A regulation may appoint a person as an appointee for the statutory body. (sec.24-ssec.2) If the Treasurer considers urgent action in relation to the statutory body is necessary to prevent losses or mismanagement that would limit the recovery of the recovery amounts, the Treasurer may, by gazette notice, appoint a person as an appointee for the body. (sec.24-ssec.3) The Treasurer may only recommend a person to the Governor in Council for appointment under subsection (1) , or appoint a person under subsection (2) , who, in the Treasurer’s opinion, is a suitable person to exercise the powers of an appointee for the statutory body. (sec.24-ssec.4) The appointment by the Treasurer may not be longer than 28 days after the date of the gazette notice. (sec.24-ssec.5) However, if a regulation is made appointing an appointee for the statutory body before the appointment by the Treasurer ends, the appointment by the Treasurer is taken to have ended immediately before the appointment under the regulation starts. (sec.24-ssec.6) The regulation or notice may provide for the appointee’s remuneration including the way in which the remuneration is to be calculated. (sec.24-ssec.7) Subsection (6) and section 25 (3) do not limit the matters a regulation or notice may include.