Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006 (125 of 2006)

Schedule 3   Transitional provisions

Part 2   Bringing transitional corporations across to new system

Division 6   Directors

40   Remuneration

Subsections 252-1(1) and (2) of the new Act do not apply in relation to a person's appointment as a director of a transitional corporation if:

(a) the person's appointment is covered by subitem 35(1); and

(b) the period of the appointment is yet to end; and

(c) under arrangements in place immediately before commencement, the person was entitled to be paid remuneration for being a member of the corporation's Governing Committee.