5Board of Directors of TDR

5 Board of Directors of TDR

(1)  *[Section 5 Subsection (1) substituted by No. 76 of 1995, s. 7 ]*The affairs and activities of TDR are to be conducted by a Board of Directors to be known as Tasmania Development and Resources Board.

(2)  [Section 5 Subsection (2) amended by No. 22 of 2008, s. 4, Applied:26 Jun 2008] *[Section 5 Subsection (2) substituted by No. 76 of 1995, s. 7 ]*The Board consists of not more than 9 directors including the chairperson.

(3)  *[Section 5 Subsection (3) amended by No. 76 of 1995, s. 7 and s. 28 and Sched. 2 ]*Each of the directors shall be appointed by the Governor on the nomination of the Minister and, by an instrument of appointment under this section –

(a) [Section 5 Subsection (3) amended by No. 9 of 1997, s. 4, Applied:19 May 1997] [Section 5 Subsection (3) amended by No. 9 of 1997, s. 5, Applied:19 May 2002] one of the directors shall be appointed as chairperson of the Board; and

(b) [Section 5 Subsection (3) amended by No. 9 of 1997, s. 4, Applied:19 May 1997] [Section 5 Subsection (3) amended by No. 9 of 1997, s. 5, Applied:19 May 2002] another of the directors shall be appointed as chief executive.

(3A)  *[Section 5 Subsection (3A) inserted by No. 76 of 1995, s. 7 ]*The Minister must not make a nomination under subsection (3) unless he or she is satisfied that the person nominated has the experience and skills necessary to enable TDR to achieve its objectives.

(4)  Schedule 1 has effect with respect to the directors.

(5)  Schedule 2 has effect with respect to the meetings of the Board.