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OC 58/2012 - The Global Transportation Hub Authority Amending Order – Remuneration and Reimbursement and Borrowing Limit (Minister Responsible for The Global Transportation Hub Authority/Minister Responsible for Crown Investments Corporation)
Description:

Title: The Global Transportation Hub Authority Amending Order – Remuneration and Reimbursement and Borrowing Limit

Minister: Minister Responsible for The Global Transportation Hub Authority and Minister Responsible for Crown Investments Corporation

Summary:Orders that:

(a) Order in Council 492/2009, dated June 24, 2009, is amended by deleting paragraph (d) and substituting the following:

    “(d) that the rates of remuneration and reimbursement of expenses for members of the Board of Directors, other than a government employee, is fixed at the rates established by CIC for directors of subsidiary Crown corporations at the level of a Tier II crown corporation”;
with such rates to be calculated as and from September 1, 2010. (b) deleting paragraph (h) and substituting the following:
    “(h) that $40,000,000.00 (forty million dollars) is fixed for the purposes of section 43 as the amount above which the corporation may not borrow money.”
See: The Crown Corporations Act, 1993, sections 14, 23, 31 and 43





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