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Financial Supervisory Commission Act 2003 - Financial Supervisory Commission (Remuneration and Allowances) Order 2006

COOK ISLANDS


FINANCIAL SUPERVISORY COMMISSION (REMUNERATION AND ALLOWANCES) ORDER 2006


Queen's Representative


ORDER IN EXECUTIVE COUNCIL


At Avarua, Rarotonga this 2nd day of May 2006


Present:


HIS EXCELLENCY THE QUEEN'S REPRESENTATIVE
IN EXECUTIVE COUNCIL


PURSUANT to Section 5 (4) of the Financial Supervisory Commission Act 2003, His Excellency the Queen's Representative, acting by and with the advice and consent of the Executive Council, hereby makes the following Regulations.


ANALYSIS

1. Title
2. Remuneration and Allowances
Schedule


__________________


ORDER


l. Title - This Order may be cited as the Financial Supervisory Commission (Remuneration and Allowances) Order 2006.


(2) This Order shall be deemed to have come into force on 1 April 2006.


2. Remuneration and allowances - There shall be paid to Board members such sums and allowances as described in the Schedule hereto.


Clerk of the Executive Council


________________


These Regulations are administered by the Financial Supervisory Commission


Financial Supervisory Commission


l.
The Chairman -
$20,000 per annum
2.
Board Members resident in the Cook Islands -
$15,000 per annum
3.
Board Members resident outside the Cook Islands-
$25,000 per annum

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