Common use of Development Corporation Clause in Contracts

Development Corporation. Clause 5 of the principal agreement is deleted and the following clause substituted: (1) The Albury–Wodonga Development Corporation will be a corporation aggregate consisting of eight members, including an ex-officio member, who shall be the chief executive officer of the Development Corporation. (2) The members, excepting the ex-officio member, will be appointed by the Governor-General, or the person who is at the date of the relevant appointment the person administering the Government of Australia, acting with the advice of the Federal Executive Council, and will hold office— (a) on such terms and conditions as are set out in the Australian Act; and

Development Corporation. Clause 5 of the principal agreement is deleted and the following clause substituted: (1) The Albury–Wodonga Development Corporation will be a corporation aggregate consisting of eight members, including an ex-officio member, who shall be the chief executive officer of the Development Corporation. (2) The members, excepting the ex-officio member, will be appointed by the Governor-General, or the person who is at the date of the relevant appointment the person administering the Government of Australia, acting with the advice of the Federal Executive Council, and will hold office— (a) on such terms and conditions as are set out in the Australian Act; and (b) subject to that Act, on such other terms and conditions as are determined from time to time by the Ministerial Council.