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Legislative Assembly for the ACT: 1996 Week 8 Hansard (27 June) . . Page.. 2270 ..

MR WOOD (continuing):

(4) In this Part, a reference to an available candidate in relation to a meeting notified in accordance with subclause 5 (2) or (4) shall be taken to be a reference to -

(a) if only 1 person has been nominated for election at the meeting and the nomination of the person has not been withdrawn - that person;

(b) if 2 or more persons have been nominated for election at the meeting and the withdrawal of the nomination of 1 or more of those persons has left only 1 person nominated - that person; or

(c) if 2 or more persons have been nominated for election at the meeting 1 or more of those persons have withdrawn their consent for nomination leaving 2 or more persons nominated - each of those persons.

General provisions

3. (1) The issued capital of the Company shall consist of 2 shares that entitle the holders to vote at a general meeting and 3 other shares.

(2) Only a Minister may hold a voting share in the capital of the Company.

(3) Only the voting shareholders may vote at a general meeting of the Company.

(4) The quorum at a general meeting shall consist of 2 voting shareholders present in person or by proxy.

(5) As far as practicable, before making a decision on matters that directly affect staff of the Company, the directors shall endeavour to consult with any committee or body representative of staff and management.

Directors

4. (1) Subject to subclause (2), the directors of the Company shall be appointed by the voting shareholders.

(2) Subject to subclause (4), 1 of the directors of the Company shall be elected at a meeting held in accordance with clause 5.

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