Superannuation (Axiom Funds Management Corporation) Act 1996
19Acting chief executive officer
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19 Acting chief executive officer
19 Acting chief executive officer
(1) The Board may, from time to time, appoint a person to act in the office of chief executive officer during the illness or absence of the chief executive officer. The person, while so acting, has all the functions of the chief executive officer and is taken to be the chief executive officer.
(2) The Board may remove a person from the office to which the person was appointed under this clause at any time for any or no reason and without notice.
(3) A person while acting in the office of chief executive officer is entitled to be paid such remuneration (including travelling and subsistence allowances) as the Board may from time to time determine.
(4) For the purposes of this clause, a vacancy in the office of the chief executive officer is regarded as an absence from office of the chief executive officer.