s. 26 25 Chief Executive Officer and other staff S. 25 amended by (1) There is to be a Chief Executive Officer of the Nos 50/1988 s. 93(2)(Sch. 2 Commission appointed by the Board with the Pt 2 item 61), approval of the Minister. 61/1994 s. 42(2), (2) Subject to section 15(4), a Director is eligible to substituted by No. 84/1994 be appointed, or to continue to act, as Chief s. 26. Executive Officer. (3) The term of office of the Chief Executive Officer is the term (not exceeding 5 years) specified in the instrument of appointment, and the Chief Executive Officer is eligible for re-appointment. (4) Subject to this section, the terms and conditions of appointment of the Chief Executive Officer are to be set by the Board with the approval of the Minister. (5) The Board may engage such other officers and employees as are necessary for the performance of the functions of the Commission. (6) The terms and conditions of appointment or employment are as determined by the Board. 26 Fund management agents (1) The Commission may, for the purposes of this Act— (a) appoint by an instrument any person to be a S. 26(1)(a) amended by fund management agent of the Commission; No. 28/2005 and s. 31. S. 26(1)(b) (b) terminate any such appointment by an amended by instrument. No. 28/2005 s. 31.
S. 25 amended by Nos 50/1988 s. 93(2)(Sch. 2 Pt 2 item 61), 61/1994 s. 42(2), substituted by No. 84/1994 s. 26. 25 Chief Executive Officer and other staff (1) There is to be a Chief Executive Officer of the Commission appointed by the Board with the approval of the Minister. (2) Subject to section 15(4), a Director is eligible to be appointed, or to continue to act, as Chief Executive Officer. (3) The term of office of the Chief Executive Officer is the term (not exceeding 5 years) specified in the instrument of appointment, and the Chief Executive Officer is eligible for re-appointment. (4) Subject to this section, the terms and conditions of appointment of the Chief Executive Officer are to be set by the Board with the approval of the Minister. (5) The Board may engage such other officers and employees as are necessary for the performance of the functions of the Commission. (6) The terms and conditions of appointment or employment are as determined by the Board. 26 Fund management agents s. 26 (1) The Commission may, for the purposes of this Act— S. 26(1)(a) amended by No. 28/2005 s. 31. (a) appoint by an instrument any person to be a fund management agent of the Commission; and S. 26(1)(b) amended by No. 28/2005 s. 31. (b) terminate any such appointment by an instrument.
86-111a134.docx