174Functions of administrator

#### 174 Functions of administrator 174 Functions of administrator > > (1) The administrator of a corporation appointed under this Division holds office for such period as is specified in the order appointing the administrator. The administrator ceases to hold office if the Minister, by a subsequent order published in the Gazette, revokes the appointment or on the election of a new board under this section. > > > (2) The administrator has and may exercise the functions of the board of the corporation or corporation specified in the administrator’s order of appointment (subject to any conditions specified in that order) but is not required to comply with the rules of the corporation. > > > (3) The administrator may amend the rules of the corporation and take such other action as is necessary to enable the corporation to properly exercise its functions. > > > (4) The administrator is entitled to be paid such remuneration, from the funds of the corporation, as the Minister may from time to time determine. > > > (5) The Minister may at any time, by order published in the Gazette, extend the period of appointment of an administrator. > > > (6) The administrator must, if required to do so by the Minister, report to the Minister on the administrator’s conduct of the affairs of the corporation. > > > (7) The administrator may at any time recommend to the Minister that elections be held for a new board or that the corporation be wound up. > > > (8) The administrator must, if required to do so by the Minister, arrange for elections to be held for a new board. > > **s 174:** Subst 2010 No 133, Sch 2\[54\].