Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 6
-
OFFICERS
PART 6-2
-
APPOINTMENT, REMUNERATION AND CESSATION OF APPOINTMENT OF DIRECTORS
Division 246
-
Appointment of directors
SECTION 246-25
TERM OF APPOINTMENT
Directors appointed on registration (replaceable rule - see section 60-1)
246-25(1)
If a director has been identified in the application for registration of an Aboriginal and Torres Strait Islander corporation as a director who is to be appointed for only one year, the director ' s appointment ends at the first AGM that occurs more than one year after the date of the corporation ' s registration.
Other directors
246-25(2)
Subject to subsection (4) , a director of an Aboriginal and Torres Strait Islander corporation must not be appointed for a period exceeding 2 years.
Director may be reappointed (replaceable rule - see section 60-1)
246-25(3)
A director is eligible for reappointment.
Appointments continue to next general meeting
246-25(4)
If the terms of appointment of all of the directors of an Aboriginal and Torres Strait Islander corporation expire so that there are no directors appointed at a particular time, the terms are extended until the next general meeting occurring after the expiry of the term of the director whose appointment was last to expire.
Directors appointed on registration (replaceable rule - see section 60-1)
246-25(1)
If a director has been identified in the application for registration of an Aboriginal and Torres Strait Islander corporation as a director who is to be appointed for only one year, the director ' s appointment ends at the first AGM that occurs more than one year after the date of the corporation ' s registration.
Other directors
246-25(2)
Subject to subsection (4) , a director of an Aboriginal and Torres Strait Islander corporation must not be appointed for a period exceeding 2 years.
Note:
An application may be made to exempt the directors of the corporation from the requirements of this subsection (see section 310-5 ).
Director may be reappointed (replaceable rule - see section 60-1)
246-25(3)
A director is eligible for reappointment.
Appointments continue to next general meeting
246-25(4)
If the terms of appointment of all of the directors of an Aboriginal and Torres Strait Islander corporation expire so that there are no directors appointed at a particular time, the terms are extended until the next general meeting occurring after the expiry of the term of the director whose appointment was last to expire.