2009
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL TERRITORY

(As presented)
(Mr Brendan Smyth)
Financial Management (Board Composition) Amendment Bill 2009

Contents
	Page
	1	Name of Act	2
	2	Commencement	2
	3	Legislation amended	2
	4	Appointment of governing board members generally
New section 78 (4A) and (4B)	2
	5	Appointment of chair and deputy chair
Section 79 (2)	3
	6	Repeal of Exhibition Park Corporation (Governing Board) Appointment 2009	3

2009
THE LEGISLATIVE ASSEMBLY
FOR THE AUSTRALIAN CAPITAL TERRITORY

(As presented)
(Mr Brendan Smyth)
Financial Management (Board Composition) Amendment Bill 2009

A Bill for
An Act to amend the Financial Management Act 1996 and for other purposes

    

The Legislative Assembly for the Australian Capital Territory enacts as follows:

1	Name of Act
This Act is the Financial Management (Board Composition) Amendment Act 2009.
2	Commencement
This Act commences on the day after its notification day.
Note	The naming and commencement provisions automatically commence on the notification day (see Legislation Act, s 75 (1)).
3	Legislation amended
This Act amends the Financial Management Act 1996.
4	Appointment of governing board members generally
New section 78 (4A) and (4B)
insert
	(4A)	Also, unless the establishing Act otherwise provides, a person must not be appointed as a member if—
	(a)	the person is a public servant; and
	(b)	the appointment would result in more than 20% of the members of the governing board being public servants.
	(4B)	Subsection (4A) does not apply if—
	(a)	the Minister is satisfied that there are special circumstances justifying the appointment; and
	(b)	the Legislative Assembly approves, by resolution, the appointment.

5	Appointment of chair and deputy chair
Section 79 (2)
after
territory authority
insert
, or a public servant,
6	Repeal of Exhibition Park Corporation (Governing Board) Appointment 2009
The appointments made under the Exhibition Park Corporation (Governing Board) Appointment 2009 (NI2009-310) are revoked and the instrument is repealed.

Endnotes
1	Presentation speech
	Presentation speech made in the Legislative Assembly on	2009.
2	Notification
	Notified under the Legislation Act on	2009.
3	Republications of amended laws
	For the latest republication of amended laws, see www.legislation.act.gov.au.

© Australian Capital Territory 2009