Companies Act 2014 section 944I

Acting Member

Section 944I sets out the arrangements for appointing an acting member of the Corporate Enforcement Authority when the regular member or chairperson is unavailable or when a vacancy arises.

• Where only one member is in post and is absent or unable to act, the Minister may authorise a person (including a staff member of the Authority) to perform the functions of both member and chairperson.
• Where a vacancy exists in both the member and chairperson positions and no member is currently appointed, the Minister may authorise a person to perform the member's functions for the duration of the vacancy.
• A vacancy-related authorisation is limited to six months, but the Minister may extend it if a permanent appointment is not practicable within that period.
• The Minister may terminate any such authorisation at any time, and the authorised person may exercise all functions of a member and chairperson, with certain limited exceptions relating to formal appointment, removal and superannuation provisions.