{\rtf1\adeflang1025\ansi\ansicpg1252\uc1\adeff0\deff0\stshfdbch0\stshfloch0\stshfhich0\stshfbi0\deflang2057\deflangfe2057\themelang1033\themelangfe0\themelangcs0{\fonttbl{\f0\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};}
{\f1\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Arial;}{\f1\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Arial;}
{\f39\fbidi \froman\fcharset0\fprq2{\*\panose 02040604050505020304}NewCenturySchlbk{\*\falt Century Schoolbook};}{\f212\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604030504040204}Tahoma;}
{\flomajor\f31500\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};}{\fdbmajor\f31501\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};}
{\fhimajor\f31502\fbidi \froman\fcharset0\fprq2{\*\panose 02040503050406030204}Cambria;}{\fbimajor\f31503\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};}
{\flominor\f31504\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};}{\fdbminor\f31505\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};}
{\fhiminor\f31506\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0502020204030204}Calibri;}{\fbiminor\f31507\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman{\*\falt Times New Roman};}
{\f435\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times New Roman};}{\f436\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times New Roman};}
{\f438\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times New Roman};}{\f439\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};}
{\f440\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};}{\f441\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times New Roman};}
{\f442\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times New Roman};}{\f443\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}{\f445\fbidi \fswiss\fcharset238\fprq2 Arial CE;}
{\f446\fbidi \fswiss\fcharset204\fprq2 Arial Cyr;}{\f448\fbidi \fswiss\fcharset161\fprq2 Arial Greek;}{\f449\fbidi \fswiss\fcharset162\fprq2 Arial Tur;}{\f450\fbidi \fswiss\fcharset177\fprq2 Arial (Hebrew);}
{\f451\fbidi \fswiss\fcharset178\fprq2 Arial (Arabic);}{\f452\fbidi \fswiss\fcharset186\fprq2 Arial Baltic;}{\f453\fbidi \fswiss\fcharset163\fprq2 Arial (Vietnamese);}{\f445\fbidi \fswiss\fcharset238\fprq2 Arial CE;}
{\f446\fbidi \fswiss\fcharset204\fprq2 Arial Cyr;}{\f448\fbidi \fswiss\fcharset161\fprq2 Arial Greek;}{\f449\fbidi \fswiss\fcharset162\fprq2 Arial Tur;}{\f450\fbidi \fswiss\fcharset177\fprq2 Arial (Hebrew);}
{\f451\fbidi \fswiss\fcharset178\fprq2 Arial (Arabic);}{\f452\fbidi \fswiss\fcharset186\fprq2 Arial Baltic;}{\f453\fbidi \fswiss\fcharset163\fprq2 Arial (Vietnamese);}{\f2555\fbidi \fswiss\fcharset238\fprq2 Tahoma CE;}
{\f2556\fbidi \fswiss\fcharset204\fprq2 Tahoma Cyr;}{\f2558\fbidi \fswiss\fcharset161\fprq2 Tahoma Greek;}{\f2559\fbidi \fswiss\fcharset162\fprq2 Tahoma Tur;}{\f2560\fbidi \fswiss\fcharset177\fprq2 Tahoma (Hebrew);}
{\f2561\fbidi \fswiss\fcharset178\fprq2 Tahoma (Arabic);}{\f2562\fbidi \fswiss\fcharset186\fprq2 Tahoma Baltic;}{\f2563\fbidi \fswiss\fcharset163\fprq2 Tahoma (Vietnamese);}{\f2564\fbidi \fswiss\fcharset222\fprq2 Tahoma (Thai);}
{\flomajor\f31508\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times New Roman};}{\flomajor\f31509\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times New Roman};}
{\flomajor\f31511\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times New Roman};}{\flomajor\f31512\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};}
{\flomajor\f31513\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};}{\flomajor\f31514\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times New Roman};}
{\flomajor\f31515\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times New Roman};}{\flomajor\f31516\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}
{\fdbmajor\f31518\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times New Roman};}{\fdbmajor\f31519\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times New Roman};}
{\fdbmajor\f31521\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times New Roman};}{\fdbmajor\f31522\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};}
{\fdbmajor\f31523\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};}{\fdbmajor\f31524\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times New Roman};}
{\fdbmajor\f31525\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times New Roman};}{\fdbmajor\f31526\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}
{\fhimajor\f31528\fbidi \froman\fcharset238\fprq2 Cambria CE;}{\fhimajor\f31529\fbidi \froman\fcharset204\fprq2 Cambria Cyr;}{\fhimajor\f31531\fbidi \froman\fcharset161\fprq2 Cambria Greek;}{\fhimajor\f31532\fbidi \froman\fcharset162\fprq2 Cambria Tur;}
{\fhimajor\f31535\fbidi \froman\fcharset186\fprq2 Cambria Baltic;}{\fhimajor\f31536\fbidi \froman\fcharset163\fprq2 Cambria (Vietnamese);}{\fbimajor\f31538\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times New Roman};}
{\fbimajor\f31539\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times New Roman};}{\fbimajor\f31541\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times New Roman};}
{\fbimajor\f31542\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};}{\fbimajor\f31543\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};}
{\fbimajor\f31544\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times New Roman};}{\fbimajor\f31545\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times New Roman};}
{\fbimajor\f31546\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}{\flominor\f31548\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times New Roman};}
{\flominor\f31549\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times New Roman};}{\flominor\f31551\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times New Roman};}
{\flominor\f31552\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};}{\flominor\f31553\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};}
{\flominor\f31554\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times New Roman};}{\flominor\f31555\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times New Roman};}
{\flominor\f31556\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}{\fdbminor\f31558\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times New Roman};}
{\fdbminor\f31559\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times New Roman};}{\fdbminor\f31561\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times New Roman};}
{\fdbminor\f31562\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};}{\fdbminor\f31563\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};}
{\fdbminor\f31564\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times New Roman};}{\fdbminor\f31565\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times New Roman};}
{\fdbminor\f31566\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}{\fhiminor\f31568\fbidi \fswiss\fcharset238\fprq2 Calibri CE;}{\fhiminor\f31569\fbidi \fswiss\fcharset204\fprq2 Calibri Cyr;}
{\fhiminor\f31571\fbidi \fswiss\fcharset161\fprq2 Calibri Greek;}{\fhiminor\f31572\fbidi \fswiss\fcharset162\fprq2 Calibri Tur;}{\fhiminor\f31575\fbidi \fswiss\fcharset186\fprq2 Calibri Baltic;}
{\fhiminor\f31576\fbidi \fswiss\fcharset163\fprq2 Calibri (Vietnamese);}{\fbiminor\f31578\fbidi \froman\fcharset238\fprq2 Times New Roman CE{\*\falt Times New Roman};}
{\fbiminor\f31579\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr{\*\falt Times New Roman};}{\fbiminor\f31581\fbidi \froman\fcharset161\fprq2 Times New Roman Greek{\*\falt Times New Roman};}
{\fbiminor\f31582\fbidi \froman\fcharset162\fprq2 Times New Roman Tur{\*\falt Times New Roman};}{\fbiminor\f31583\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew){\*\falt Times New Roman};}
{\fbiminor\f31584\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic){\*\falt Times New Roman};}{\fbiminor\f31585\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic{\*\falt Times New Roman};}
{\fbiminor\f31586\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese){\*\falt Times New Roman};}}{\colortbl;\red0\green0\blue0;\red0\green0\blue255;\red0\green255\blue255;\red0\green255\blue0;\red255\green0\blue255;\red255\green0\blue0;
\red255\green255\blue0;\red255\green255\blue255;\red0\green0\blue128;\red0\green128\blue128;\red0\green128\blue0;\red128\green0\blue128;\red128\green0\blue0;\red128\green128\blue0;\red128\green128\blue128;\red192\green192\blue192;\red255\green255\blue255;
}{\*\defchp \fs22 }{\*\defpap \ql \li0\ri0\sa200\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 }\noqfpromote {\stylesheet{\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext0 \sqformat \spriority0 Normal;}{\s1\qj \li0\ri0\sb240\sa60\keepn\widctlpar\wrapdefault\nooverflow\faroman\outlinelevel0\rin0\lin0\itap0 \rtlch\fcs1 
\ab\af0\afs32\alang1025 \ltrch\fcs0 \b\fs32\lang3081\langfe1033\kerning32\loch\f31502\hich\af31502\dbch\af31501\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext0 \slink15 \sqformat \spriority9 heading 1;}{\*\cs10 \additive \ssemihidden 
Default Paragraph Font;}{\*\ts11\tsrowd\trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblind0\tblindtype3\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv \ql \li0\ri0\sa200\sl276\slmult1
\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs22\alang1025 \ltrch\fcs0 \fs22\lang2057\langfe2057\cgrid\langnp2057\langfenp2057 \snext11 \ssemihidden \sunhideused Normal Table;}{\*\cs15 \additive \rtlch\fcs1 
\ab\af0\afs32 \ltrch\fcs0 \b\fs32\lang3081\langfe0\kerning32\loch\f31502\hich\af31502\dbch\af31501\langnp3081\langfenp0 \sbasedon10 \slink1 \slocked \spriority9 Heading 1 Char;}{
\s16\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext16 A Bill For;}{
\s17\qc \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\cf13\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext17 AlternativeOR;}{
\s18\qj \fi-720\li3110\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3110\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon111 \snext18 Penalty Sub Para;}{\*\cs19 \additive 
\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 AlternativeEnd;}{\*\cs20 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 AlternativeStart;}{\s21\qc \li0\ri0\sb240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 
\ab\ai\af0\afs24\alang1025 \ltrch\fcs0 \b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext21 AmendGroup;}{\s22\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 
\ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext22 Amendments;}{\s23\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 
\b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext23 Annexure;}{\*\cs24 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf6 \sbasedon10 Appropriation;}{\s25\qj \li0\ri0\keep\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 
\rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext25 Be It Enacted;}{\*\cs26 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i \sbasedon10 Bill Position;}{
\s27\qr \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext27 Bill Signature;}{
\s28\qc \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ai\af0\afs24\alang1025 \ltrch\fcs0 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext28 Brought In By;}{
\s29\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs30\alang1025 \ltrch\fcs0 \b\caps\fs30\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext29 Chapter First;}{\*\cs30 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Chapter No;}{\s31\qc \li0\ri0\sb240\keepn\pagebb\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs30\alang1025 \ltrch\fcs0 
\b\caps\fs30\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon29 \snext31 Chapter Rest;}{\s32\qj \li720\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext32 Charge;}{\s33\qj \li1797\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1797\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext33 Charge Para;}{\s34\qj \li0\ri0\sb480\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 
\b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext34 Clause Headnote;}{\*\cs35 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Clause No;}{\s36\qj \fi-1843\li1843\ri0\sa120\widctlpar
\tx576\wrapdefault\nooverflow\faroman\rin0\lin1843\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 \ltrch\fcs0 \b\i\fs24\cf11\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext36 Client Note;}{\s37\qj \li0\ri0\widctlpar\brdrt
\brdrs\brdrw15\brsp20 \wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs18\alang1025 \ltrch\fcs0 \b\caps\fs18\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext37 Cognate;}{
\s38\qc \li0\ri0\sb480\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext38 Crest;}{\*\cs39 \additive \rtlch\fcs1 \af0 
\ltrch\fcs0 \cf3 \sbasedon10 Date1;}{\s40\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs22\alang1025 \ltrch\fcs0 \b\caps\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext40 
Deed;}{\s41\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon57 \snext41 Deed Graphic;}{\*\cs42 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Deed No;}{\s43\qj \fi-720\li2160\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext43 Definition Paragraph;}{\s44\qj \fi-720\li2880\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon43 \snext44 
Definition Sub Paragraph;}{\s45\qj \fi-731\li3611\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3611\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext45 
Definition Sub Sub Paragraph;}{\*\cs46 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf11 \sbasedon10 Definition Term;}{\s47\qj \fi-731\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext47 Definition Text;}{\s48\qc \li0\ri0\sb240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 \ltrch\fcs0 
\b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext48 Division;}{\*\cs49 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Division No;}{\s50\qj \li-1701\ri0\widctlpar
\tqr\tx8789\wrapdefault\nooverflow\faroman\rin0\lin-1701\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext50 \slink51 footer;}{\*\cs51 \additive \rtlch\fcs1 \af0\afs24 \ltrch\fcs0 
\fs24\lang3081\langfe0\langnp3081\langfenp0 \sbasedon10 \slink50 \slocked \ssemihidden Footer Char;}{\*\cs52 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf12 \sbasedon10 Foreign;}{
\s53\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs22\alang1025 \ltrch\fcs0 \b\caps\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext53 Form;}{
\s54\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon57 \snext54 Form Graphic;}{\*\cs55 \additive \rtlch\fcs1 
\af0 \ltrch\fcs0 \cf9 \sbasedon10 Form No;}{\s56\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext56 
Formula;}{\s57\qc \li0\ri0\sb240\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext57 Graphic;}{
\s58\qj \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext58 Graphic Description;}{
\s59\qj \li0\ri0\sb480\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext59 Head Note;}{
\s60\qj \li0\ri0\widctlpar\tqc\tx4153\tqr\tx8306\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext60 \slink61 header;}{\*\cs61 \additive 
\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \fs24\lang3081\langfe0\langnp3081\langfenp0 \sbasedon10 \slink60 \slocked \ssemihidden Header Char;}{\s62\qj \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ai\af0\afs24\alang1025 
\ltrch\fcs0 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext62 Image;}{\s63\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext63 Image Description;}{\*\cs64 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Image No;}{\*\cs65 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf0 \sbasedon10 Image Type;}{\*
\cs66 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf9 \sbasedon10 Item No;}{\s67\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 
\b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext67 Long Title;}{\s68\qj \li0\ri0\sa240\widctlpar
\tx144\tx288\tx432\tx576\tx720\tx864\tx1008\tx1152\tx1296\tx1440\tx1584\tx1728\tx1872\tx2016\tx2160\tx2304\tx2448\tx2592\tx2736\tx2880\tx3024\tx3168\tx3312\tx3456\tx3600\tx3744\tx3888\tx4032\tx4176\tx4320\tx4464\tx4608\tx4752\tx4896\tx5040
\tx5184\tx5328\tx5472\tx5616\tx5760\tx5904\tx6048\tx6192\tx6336\tx6480\tx6624\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext68 Oath;}{
\s69\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext69 Order;}{\*\cs70 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 
\b\caps \sbasedon10 Order No;}{\s71\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext71 Originating;}{
\s72\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext72 Out Def;}{
\s73\qj \li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext73 Out Def Para;}{
\s74\qj \li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext74 Out Def Sub Para;}{
\s75\qj \li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext75 Out Def Sub Sub Para;}{
\s76\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext76 Out Para;}{
\s77\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext77 Out Section;}{
\s78\qj \li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext78 Out Sub Para;}{
\s79\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext79 Out Sub Section;}{
\s80\qj \li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext80 Out Sub Sub Para;}{\*\cs81 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \sbasedon10 page number;}{\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext82 Paragraph;}{\*\cs83 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Paragraph No;}{\s84\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 
\b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext84 Part First;}{\*\cs85 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Part No;}{
\s86\qc \li0\ri0\sb240\keepn\pagebb\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon84 \snext86 Part Rest;}{
\s87\qc \li0\ri0\sb480\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs22\alang1025 \ltrch\fcs0 \b\caps\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon84 \snext87 Part Schedule;}{
\s88\qj \fi-1083\li1797\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1797\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext88 Penalty;}{
\s89\qj \fi-576\li2376\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2376\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon88 \snext89 Penalty Para;}{
\s90\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext90 Preamble Text;}{
\s91\qj \fi-1987\li1987\ri0\sa120\widctlpar\tx576\wrapdefault\nooverflow\faroman\rin0\lin1987\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 \ltrch\fcs0 \b\i\fs24\cf12\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext91 Private Note;}{
\s92\qj \li0\ri0\sa240\widctlpar\tx720\tx1166\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext92 Qualifying Text;}{\*\cs93 \additive 
\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 RefAct;}{\*\cs94 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 RefCase;}{\*\cs95 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf11 \sbasedon10 RefDefTerm;}{\*\cs96 \additive \rtlch\fcs1 \af0 
\ltrch\fcs0 \cf13 \sbasedon10 RefExternal;}{\*\cs97 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf13 \sbasedon10 RefInternal;}{\*\cs98 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf13 \sbasedon10 RefStandard;}{\*\cs99 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 
\i\cf13 \sbasedon10 RefStatutory;}{\s100\qc \li0\ri0\sb240\pagebb\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext100 
Schedule;}{\*\cs101 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Schedule No;}{\s102\qr \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext102 Schedule SectRef;}{\*\cs103 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Section No;}{\*\cs104 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\cf13 \sbasedon10 
Short Title;}{\s105\qc \li0\ri0\sa480\sl-360\slmult0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs30\alang1025 \ltrch\fcs0 \b\caps\fs30\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext105 
Short Title Heading;}{\s106\qc \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext106 Short Title No;}{
\s107\qc \li0\ri0\sb480\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext107 State;}{\*\cs108 \additive \rtlch\fcs1 \af0 
\ltrch\fcs0 \cf12 \sbasedon10 StatOffice;}{\*\cs109 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf9 \sbasedon10 Sub Clause No;}{\s110\qc \li0\ri0\sb240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 
\ltrch\fcs0 \b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext110 Sub Division;}{\s111\qj \fi-720\li2160\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext111 Sub Paragraph;}{\*\cs112 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Sub Paragraph No;}{\s113\qj \fi720\li0\ri0\sa240\widctlpar
\tx1170\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext113 Sub Section;}{\*\cs114 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf9 
\sbasedon10 Sub Section No;}{\s115\qj \fi-720\li2880\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext115 
Sub Sub Paragraph;}{\*\cs116 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \caps\cf9 \sbasedon10 Sub Sub Paragraph No;}{\*\cs117 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Subdivision No;}{\*\cs118 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \super 
\sbasedon10 Super;}{\*\cs119 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b \sbasedon10 Table Bold;}{\*\cs120 \additive \rtlch\fcs1 \ab\ai\af0 \ltrch\fcs0 \b\i \sbasedon10 Table Bold Italic;}{
\s121\qj \li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext121 Table Content;}{\*\cs122 \additive \rtlch\fcs1 
\ai\af0 \ltrch\fcs0 \i \sbasedon10 Table Italic;}{\*\cs123 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf9 \sbasedon10 Table Item No;}{\s124\qc \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 
\ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext124 Table Title;}{\s125\qj \li0\ri0\sb240\keepn\widctlpar\tqr\tx7087\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 
\b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext125 \sautoupd \ssemihidden toc 1;}{\s126\qj \fi-720\li2534\ri-45\sa240\keepn\widctlpar\tx720\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-45\lin2534\itap0 \rtlch\fcs1 
\ab\ai\af0\afs24\alang1025 \ltrch\fcs0 \b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext126 \sautoupd \ssemihidden toc 2;}{\s127\qj \fi-720\li720\ri-45\sa240\widctlpar
\tx1080\tx1440\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-45\lin720\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext127 \sautoupd \ssemihidden toc 3;}{
\s128\qj \fi-720\li1559\ri-45\sb120\widctlpar\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-45\lin1559\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext128 \sautoupd \ssemihidden toc 4;}{\s129\qj \fi-720\li1967\ri0\sa240\widctlpar\tqr\tx7087\wrapdefault\nooverflow\faroman\rin0\lin1967\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 
\b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext129 \sautoupd \ssemihidden toc 5;}{\s130\qj \li907\ri-28\sa240\widctlpar\tqr\tx6660\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-28\lin907\itap0 \rtlch\fcs1 
\af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext130 \sautoupd \ssemihidden toc 6;}{\s131\qj \fi-720\li1627\ri-29\widctlpar
\tx1987\tx3067\tqr\tx7087\wrapdefault\nooverflow\faroman\rin-29\lin1627\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext131 \sautoupd \ssemihidden toc 7;}{
\s132\qj \fi-720\li1080\ri0\sb120\widctlpar\tx1080\tx1440\tx1800\tx2160\tx7087\wrapdefault\nooverflow\faroman\rin0\lin1080\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext132 \sautoupd \ssemihidden toc 8;}{\s133\qj \li2080\ri0\widctlpar\tqr\tx7087\wrapdefault\nooverflow\faroman\rin0\lin2080\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext133 \sautoupd \ssemihidden toc 9;}{\s134\qc \li0\ri0\sb480\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext134 \sqformat TOC Heading;}{\*\cs135 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf15 \sbasedon10 zActNumber;}{\*\cs136 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf15 \sbasedon10 zActYear;}{
\s137\qr \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext137 zAssentDate;}{
\s138\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext138 zBillNumber;}{
\s139\qj \li0\ri0\widctlpar\pvpara\posy1440\dxfrtext187\dfrmtxtx187\dfrmtxty0\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ai\af0\afs20\alang1025 \ltrch\fcs0 \i\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext139 
zSecondReading;}{\s140\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext140 AdminDep;}{
\s141\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext141 CertifyLaw Text;}{
\s142\qc \li0\ri0\sb120\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ai\af0\afs24\alang1025 \ltrch\fcs0 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext142 Conditions;}{
\s143\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext143 ConfirmGov;}{
\s144\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext144 Execution Text;}{
\s145\qc \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext145 Explain Heading;}{
\s146\qj \li0\ri0\sa240\widctlpar\tx720\tx1166\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon92 \snext146 Explain Note;}{
\s147\qc \li0\ri0\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ai\af0\afs24\alang1025 \ltrch\fcs0 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext147 Explain Note Note;}{
\s148\qj \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext148 GazetteDate;}{
\s149\qc \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext149 GenConditions;}{
\s150\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext150 GovernorSig Text;}{
\s151\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext151 MinisterSig Text;}{
\s152\qj \li0\ri0\sa240\keep\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext152 Opening Words;}{
\s153\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext153 Seal;}{
\s154\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext154 SR Date;}{
\s155\qr \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext155 SR Position;}{
\s156\qj \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext156 SR Printed;}{
\s157\qr \li0\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext157 SR Signature;}{\*\cs158 \additive \rtlch\fcs1 
\ai\af0 \ltrch\fcs0 \i \sbasedon10 Tariff;}{\s159\qc \li0\ri0\sb480\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext159 Tariff Group;}{\s160\qj \li0\ri0\sb480\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 \ltrch\fcs0 \b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext160 
Tariff Heading;}{\*\cs161 \additive \rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\caps\cf9 \sbasedon10 Tariff No;}{\s162\qc \li0\ri0\sb480\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 
\b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext162 TariffList Heading;}{\s163\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext163 TariffList Text;}{\s164\qj \fi-1080\li2520\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2520\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext164 Amd Charge;}{\s165\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 \ltrch\fcs0 
\b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext165 Amd Division;}{\s166\qj \li720\ri0\sb480\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 
\b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext166 Amd Head Note;}{\*\cs167 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf5 \sbasedon10 Amd Number;}{\*\cs168 \additive \rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\cf5 \sbasedon10 
Amd Number Bold;}{\*\cs169 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \caps\cf5 \sbasedon10 Amd Number Cap;}{\s170\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 
\b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext170 Amd Part;}{\s171\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext171 Amd Penalty;}{\s172\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 
\b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext172 Amd Schedule;}{\s173\qj \li3240\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3240\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext173 Amd1 Charge;}{\s174\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 \ltrch\fcs0 
\b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon48 \snext174 Amd1 Division;}{\s175\qj \li1440\ri0\sb480\sa240\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 
\b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon166 \snext175 Amd1 Head Note;}{\s176\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 
\b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon170 \snext176 Amd1 Part;}{\s177\qj \li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext177 Amd1 Penalty;}{\s178\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 
\b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon172 \snext178 Amd1 Schedule;}{\s179\qj \li720\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext179 Indent 0.5;}{\s180\qj \li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon179 \snext180 Indent 1.0;}{\s181\qj \li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon180 \snext181 Indent 1.5;}{\s182\qj \fi720\li720\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext182 Indent 1st 0.5;}{\s183\qj \fi720\li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon182 \snext183 Indent 1st 1.0;}{\s184\qj \fi720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon183 \snext184 Indent 1st 1.5;}{\s185\qj \fi720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon184 \snext185 Indent 1st 2.0;}{\s186\qj \fi720\li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon185 \snext186 Indent 1st 2.5;}{\s187\qj \li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon181 \snext187 Indent 2.0;}{\s188\qj \li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon187 \snext188 Indent 2.5;}{\s189\qj \fi-720\li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext189 Indent Hng 0.5;}{\s190\qj \fi-720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext190 Indent Hng 1.0;}{\s191\qj \fi-720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon190 \snext191 Indent Hng 1.5;}{\s192\qj \fi-720\li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon191 \snext192 Indent Hng 2.0;}{\s193\qj \fi-720\li4320\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin4320\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon192 \snext193 Indent Hng 2.5;}{\s194\qj \fi-720\li720\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext194 TOC Entry;}{\*\cs195 \additive \rtlch\fcs1 \ab\af0\afs30 \ltrch\fcs0 \b\caps\fs30\cf15 \sbasedon10 Year;}{
\s196\qj \li0\ri0\widctlpar\pvpg\posy15593\dxfrtext187\dfrmtxtx187\dfrmtxty0\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs22\alang1025 \ltrch\fcs0 \fs22\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext196 
zDocumentStamp;}{\s197\qj \li0\ri0\widctlpar\pvpg\posy720\dxfrtext187\dfrmtxtx187\dfrmtxty0\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext197 zDraftNotice;}{\s198\qj \li0\ri0\widctlpar\pvpg\posxc\posy14912\dxfrtext187\dfrmtxtx187\dfrmtxty0\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext198 zGovPrintImp;}{\*\cs199 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \caps \sbasedon10 ShortTitleHeadEnd;}{
\s200\qj \li0\ri0\widctlpar\pvpg\posy284\dxfrtext181\dfrmtxtx181\dfrmtxty181\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon197 \snext200 
zConsolidate;}{\s201\qj \fi-1080\li2520\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2520\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon88 \snext201 Para Penalty;}{
\s202\qj \fi-576\li3096\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3096\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon88 \snext202 Para Penalty Para;}{
\s203\qj \fi-720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext203 Para Definition Text;}{
\s204\qj \fi-720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext204 Sub Para Def Text;}{
\s205\qj \fi-720\li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext205 Sub Sub Para Def Text;}{\*\cs206 
\additive \rtlch\fcs1 \af0 \ltrch\fcs0 \sub \sbasedon10 Sub;}{\s207\qj \li720\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext207 CounterSigText;}{\s208\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs30\alang1025 \ltrch\fcs0 \b\caps\fs30\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon29 \snext208 Amd Chapter;}{\s209\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af0\afs30\alang1025 \ltrch\fcs0 \b\caps\fs30\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon208 \snext209 Amd1 Chapter;}{\s210\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 \ltrch\fcs0 \b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon110 \snext210 Amd SubDivision;}{\s211\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 \ltrch\fcs0 \b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon210 \snext211 Amd1 SubDivision;}{\s212\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs22\alang1025 \ltrch\fcs0 \b\caps\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon40 \snext212 Amd Deed;}{\s213\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af0\afs22\alang1025 \ltrch\fcs0 \b\caps\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon212 \snext213 
Amd1 Deed;}{\s214\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs22\alang1025 \ltrch\fcs0 \b\caps\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon53 \snext214 Amd Form;}{
\s215\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af0\afs22\alang1025 \ltrch\fcs0 \b\caps\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon214 \snext215 Amd1 Form;}{
\s216\qj \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ai\af0\afs24\alang1025 \ltrch\fcs0 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon62 \snext216 Amd Image;}{
\s217\qj \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ai\af0\afs24\alang1025 \ltrch\fcs0 \i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon216 \snext217 Amd1 Image;}{
\s218\qj \li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon32 \snext218 Para Charge;}{
\s219\qc \li720\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs22\alang1025 \ltrch\fcs0 \b\caps\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon170 \snext219 Amd Part Schedule;}{
\s220\qc \li1440\ri0\keepn\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \ab\af0\afs22\alang1025 \ltrch\fcs0 \b\caps\fs22\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon176 \snext220 Amd1 Part Schedule;}{
\s221\qc \li0\ri0\sa60\widctlpar\wrapdefault\nooverflow\faroman\outlinelevel1\rin0\lin0\itap0 \rtlch\fcs1 \af1\afs24\alang1025 \ltrch\fcs0 \f1\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext221 \slink222 \sqformat Subtitle;}{\*
\cs222 \additive \rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \fs24\lang3081\langfe0\loch\f31502\hich\af31502\dbch\af31501\langnp3081\langfenp0 \sbasedon10 \slink221 \slocked \spriority11 Subtitle Char;}{
\s223\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af1\afs20\alang1025 \ltrch\fcs0 \caps\f1\fs20\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext223 zEndorsement;}{
\s224\qj \fi720\li4320\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin4320\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon186 \snext224 Indent 1st 3.0;}{
\s225\qj \li4320\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin4320\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon188 \snext225 Indent 3.0;}{
\s226\qj \fi-720\li5040\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin5040\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon193 \snext226 Indent Hng 3.0;}{
\s227\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af39\afs20\alang1025 \ltrch\fcs0 \f39\fs20\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext227 Graphic Text;}{\*\cs228 \additive 
\rtlch\fcs1 \af0 \ltrch\fcs0 \cf11 \sbasedon10 Client Note No;}{\s229\qj \li1843\ri0\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1843\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 \ltrch\fcs0 
\b\i\fs24\cf11\lang1033\langfe1033\cgrid\langnp1033\langfenp1033 \sbasedon0 \snext230 Client Note Text;}{\s230\qj \li1987\ri0\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1987\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 
\ltrch\fcs0 \b\i\fs24\cf12\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext230 Private Note Text;}{\*\cs231 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \cf12 \sbasedon10 Private Note No;}{\s232\qj \fi-692\li692\ri0\widctlpar
\tx1440\wrapdefault\nooverflow\faroman\rin0\lin692\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext233 Note Content;}{
\s233\qj \li692\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin692\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext234 Note Out Text;}{
\s234\qj \li692\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin692\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon0 \snext235 Note Text;}{
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\rtlch\fcs1 \af0 \ltrch\fcs0 \sbasedon10 Sub Sub Sub Paragraph No;}{\s237\qj \li0\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 
\sbasedon0 \snext238 Proviso;}{\s238\qj \li720\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon121 \snext239 
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\s240\qj \li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext241 Table Indent 2.0;}{
\s241\qj \li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext242 Table Indent 2.5;}{
\s242\qj \li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext243 Table Indent 3.0;}{
\s243\qj \fi720\li0\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon121 \snext244 Table Indent 1st 0.5;}{
\s244\qj \fi720\li720\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext245 Table Indent 1st 1.0;}{
\s245\qj \fi720\li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext246 Table Indent 1st 1.5;}{
\s246\qj \fi720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext247 Table Indent 1st 2.0;}{
\s247\qj \fi720\li2880\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2880\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext248 Table Indent 1st 2.5;}{
\s248\qj \fi720\li3600\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin3600\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext249 Table Indent 1st 3.0;}{
\s249\qj \fi-720\li720\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin720\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \sbasedon121 \snext250 Table Indent Hng 0.5;}{
\s250\qj \fi-720\li1440\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext251 Table Indent Hng 1.0;}{
\s251\qj \fi-720\li2160\ri0\sa240\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin2160\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 \snext252 Table Indent Hng 1.5;}{
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\sbasedon0 \snext255 \slink256 \ssemihidden \sunhideused \styrsid10946340 Balloon Text;}{\*\cs256 \additive \rtlch\fcs1 \af212\afs16 \ltrch\fcs0 \f212\fs16\lang3081\langfe0\langnp3081\langfenp0 \sbasedon10 \slink255 \slocked \ssemihidden \styrsid10946340 
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\cs135\b0\cf0\insrsid5789469 No. 5}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\cf0\insrsid5789469  of }{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \cs136\b0\cf0\insrsid5789469 2007}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\cf0\insrsid5789469 .
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\af0 \ltrch\fcs0 \cs39\insrsid5789469 18/6/2007}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 .
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\cs135\b0\cf0\insrsid5789469 No. 5}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\cf0\insrsid5789469  of }{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \cs136\b0\cf0\insrsid5789469 2007}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\cf0\insrsid5789469 .
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\insrsid5789469 ARRANGEMENT OF SECTIONS.
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\insrsid5789469 PART I \endash  PRELIMINARY.
\par }\pard\plain \ltrpar\s125\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 
\b0\caps0\insrsid5789469 1.\tab Compliance with Constitutional requirements..
\par 2.\tab Interpretation.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1559\ri0\widctlpar\wrapdefault\faauto\rin0\lin1559\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 
\b0\caps0\insrsid5789469  }{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \cs46\b0\caps0\insrsid5789469 \'93Bank\'94}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\caps0\insrsid5789469  
\par  }{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \cs46\b0\caps0\insrsid5789469 \'93Board\'94}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\caps0\insrsid5789469  
\par  }{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \cs46\b0\caps0\insrsid5789469 \'93Chairman\'94}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\caps0\insrsid5789469  
\par  }{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \cs46\b0\caps0\insrsid5789469 \'93Deputy Chairman\'94}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\caps0\insrsid5789469  
\par  }{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \cs46\b0\caps0\insrsid5789469 \'93Managing Director\'94}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\caps0\insrsid5789469  
\par  }{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \cs46\b0\caps0\insrsid5789469 \'93Minister\'94}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\caps0\insrsid5789469  
\par  }{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \cs46\b0\caps0\insrsid5789469 \'93Secretary\'94}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\caps0\insrsid5789469  
\par  }{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \cs46\b0\caps0\insrsid5789469 \'93this Act\'94}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\caps0\insrsid5789469  
\par }\pard\plain \ltrpar\s125\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 
\b0\caps0\insrsid5789469 3.\tab Act binds the State.
\par }\pard\plain \ltrpar\s129\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5789469 PART II \endash  THE NATIONAL DEVELOPMENT BANK.
\par }\pard\plain \ltrpar\s126\qj \fi-720\li2534\ri0\widctlpar\wrapdefault\faauto\rin0\lin2534\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 \ltrch\fcs0 \b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
Division 1 \endash  The National Development Bank.
\par }\pard\plain \ltrpar\s125\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 
\b0\caps0\insrsid5789469 4.\tab Incorporation of the National Development Bank.
\par 5.\tab Functions of the Bank.
\par 6.\tab Powers of the Bank.
\par 7.\tab Bank not a department.
\par }\pard\plain \ltrpar\s126\qj \fi-720\li2534\ri0\widctlpar\wrapdefault\faauto\rin0\lin2534\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 \ltrch\fcs0 \b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
Division 2 \endash  National Development Band Board.
\par }\pard\plain \ltrpar\s125\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 
\b0\caps0\insrsid5789469 8.\tab National Development Bank Board.
\par 9.\tab Membership of the Board.
\par 10.\tab Eligibility to be a member of the Board.
\par 11.\tab Term of the Board.
\par 12.\tab Disqualification of members of Board.
\par 13.\tab Appointment of the Chairman and Deputy Chairman of the Board.
\par 14.\tab Grant of leave of absence by Chairman.
\par 15.\tab Suspension and resignation of Board members.
\par 16.\tab Termination of Board members.
\par 17.\tab Secretary of the board.
\par 18.\tab Meetings of the board.
\par 19.\tab Disclosure of interest.
\par 20.\tab Establishment of committees.
\par 21.\tab Reports.
\par 22.\tab Indemnity of directors.
\par 23.\tab Managing director.
\par 24.\tab Functions of the managing director.
\par 25.\tab Staff of the bank.
\par }\pard\plain \ltrpar\s129\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5789469 PART III \endash  BANKS AND FINANCIAL INSTITUTIONS ACT.
\par }\pard\plain \ltrpar\s125\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 
\b0\caps0\insrsid5789469 26.\tab Application to apply for a license under the }{\rtlch\fcs1 \ab0\ai\af0 \ltrch\fcs0 \cs104\b0\i\caps0\insrsid5789469 Banks and Financial Institutions Act 2000}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\caps0\insrsid5789469 .

\par 27.\tab }{\rtlch\fcs1 \ab0\ai\af0 \ltrch\fcs0 \cs93\b0\i\caps0\insrsid5789469 Public Finances (Management) Act 1995}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\caps0\insrsid5789469  .
\par 28.\tab Funds, investments and borrowing.
\par 29.\tab State guarantee.
\par 30.\tab Liability to taxation.
\par }\pard\plain \ltrpar\s129\qj \fi-720\li1967\ri0\sb60\widctlpar\wrapdefault\faauto\rin0\lin1967\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5789469 PART IV \endash  FINANCIAL REPORTING, ACCOUNTING RECORDS, ANNUAL REPORT AND AUDIT.
\par }\pard\plain \ltrpar\s125\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 
\b0\caps0\insrsid5789469 31.\tab Financial statements.
\par 32.\tab Accounting records.
\par 33.\tab Annual report.
\par 34.\tab Audit.
\par 35.\tab Proof of certain matters, service and appointment of attorneys.
\par 36.\tab Recovery of money and protection from liability.
\par 37.\tab Confidentiality.
\par 38.\tab Transfer of assets and liabilities.
\par 39.\tab Application of acts.
\par }\pard\plain \ltrpar\s128\qj \fi-720\li1559\ri0\widctlpar\wrapdefault\faauto\rin0\lin1559\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 
\b0\caps0\insrsid5789469  }{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \cs46\b0\caps0\insrsid5789469 \'93previous Bank\'94}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\caps0\insrsid5789469  
\par  }{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \cs46\b0\caps0\insrsid5789469 \'93previous Development Bank\'94}{\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 \b0\caps0\insrsid5789469  
\par }\pard\plain \ltrpar\s125\qj \fi-720\li720\ri0\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 
\b0\caps0\insrsid5789469 40.\tab No effect on previous acts and decisions.
\par 41.\tab Transitional term of managing director and the board.
\par 42.\tab Registration of title of land.
\par 43.\tab Savings of contracts, etc.,.
\par 44.\tab Actions, etc., not to abate.
\par \sect }\sectd \ltrsect\binfsxn2\binsxn2\sbkodd\pgnrestart\linex0\headery1000\footery1000\endnhere\titlepg\sectdefaultcl\sftnbj {\headerl \ltrpar \ltrrow\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft-720\trkeep\trftsWidth1\tblind-720\tblindtype3 
\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx720\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone 
\cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640\pard\plain \ltrpar\s60\qj \li0\ri0\widctlpar\intbl\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\field{\*\fldinst {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\insrsid5789469  IF }{\field{\*\fldinst {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\insrsid5789469  = OR ( }{\field{\*\fldinst {\rtlch\fcs1 \ab\af0 
\ltrch\fcs0 \b\insrsid5789469  COMPARE }{\field{\*\fldinst {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\insrsid5789469 STYLEREF "Section No" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\lang1024\langfe1024\noproof\insrsid4092745 38.}}}
\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\insrsid5789469  = Preamble* \\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\lang1024\langfe1024\noproof\insrsid4092745 0}}}\sectd \ltrsect
\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\insrsid5789469 ,}{\field{\*\fldinst {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\insrsid5789469  COMPARE }{\field{\*\fldinst {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\insrsid5789469 
STYLEREF "Section No" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\lang1024\langfe1024\noproof\insrsid4092745 38.}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\insrsid5789469  <= 0 \\
* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\lang1024\langfe1024\noproof\insrsid4092745 0}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\insrsid5789469 ) \\* MERGEFORMAT }}{\fldrslt {
\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\lang1024\langfe1024\noproof\insrsid4092745 0}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\insrsid5789469  = 1 "" "s. "\\* MERGEFORMAT }}{\fldrslt {\rtlch\fcs1 \ab\af0 
\ltrch\fcs0 \b\lang1024\langfe1024\noproof\insrsid4092745 s. }}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\field{\*\fldinst {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \b\insrsid5789469 STYLEREF "Section No" \\* MERGEFORMAT}}{\fldrslt {\rtlch\fcs1 
\ab\af0 \ltrch\fcs0 \b\lang1024\langfe1024\noproof\insrsid4092745 38.}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 \cell }\pard \ltrpar\s60\qc \li0\ri0\widctlpar\intbl
\tqc\tx4153\tqr\tx8306\wrapdefault\faauto\rin0\lin0 {\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\insrsid5789469 National Development Bank 2007}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 \cell }\pard\plain \ltrpar\ql \li0\ri0\sa200\sl276\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft-720\trkeep\trftsWidth1\tblind-720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx720\clvertalt\clbrdrt
\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640\row }\pard \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
\par }}{\headerr \ltrpar \pard\plain \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
\par }}{\footerl \ltrpar \ltrrow\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft-720\trkeep\trftsWidth1\tblind-720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil 
\cellx720\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone 
\cltxlrtb\clftsWidth3\clwWidth1560\clshdrawnil \cellx10200\pard\plain \ltrpar\qj \li0\ri0\widctlpar\intbl\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\field{\*\fldinst 
{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\lang1033\langfe1033\langnp1033\insrsid5789469 PAGE}}{\fldrslt {\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\lang1024\langfe1024\noproof\langnp1033\insrsid4092745 14}}}\sectd \ltrsect\linex0\endnhere\sectdefaultcl\sftnbj {
\rtlch\fcs1 \af0 \ltrch\fcs0 \lang1033\langfe1033\langnp1033\insrsid5789469 \cell }\pard\plain \ltrpar\s50\qc \li0\ri0\widctlpar\intbl\tqr\tx8789\wrapdefault\faauto\rin0\lin0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \i\insrsid5789469 National Development Bank}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 \cell No. 5 of 2007\cell }\pard\plain \ltrpar
\ql \li0\ri0\sa200\sl276\slmult1\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft-720\trkeep\trftsWidth1\tblind-720\tblindtype3 \clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1440\clshdrawnil \cellx720\clvertalt\clbrdrt
\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth7920\clshdrawnil \cellx8640\clvertalt\clbrdrt\brdrnone \clbrdrl\brdrnone \clbrdrb\brdrnone \clbrdrr\brdrnone \cltxlrtb\clftsWidth3\clwWidth1560\clshdrawnil 
\cellx10200\row }}{\footerr \ltrpar \ltrrow\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft-840\trkeep\trftsWidth1\tblind-840\tblindtype3 \pard\plain \ltrpar\ql \li0\ri0\sa200\sl276\slmult1
\widctlpar\intbl\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
\trowd \irow0\irowband0\lastrow \ltrrow\ts11\trleft-840\trkeep\trftsWidth1\tblind-840\tblindtype3 \row }}{\footerf \ltrpar \pard\plain \ltrpar\s50\qc \li0\ri0\widctlpar\tqr\tx8789\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 
\ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
\par }}\pard\plain \ltrpar\s106\qc \li0\ri0\sb480\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 
\b0\cf0\insrsid5789469 AN ACT
\par entitled
\par }\pard\plain \ltrpar\s105\qc \li0\ri0\sb480\sa240\sl-360\slmult0\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs30\alang1025 \ltrch\fcs0 \b\caps\fs30\cf15\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ai\af0\afs24 
\ltrch\fcs0 \i\caps0\fs24\cf0\insrsid5789469 National Development Bank Act }{\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \cs199\caps0\fs24\cf0\insrsid5789469 2007}{\rtlch\fcs1 \ai\af0\afs24 \ltrch\fcs0 \i\caps0\fs24\cf0\insrsid5789469 ,
\par }\pard\plain \ltrpar\s67\qj \fi-720\li720\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab0\af0 \ltrch\fcs0 
\b0\insrsid5789469 Being an Act to provide for the establishment of the National Development Bank and to define its powers and functions, and for related purposes, 
\par }\pard\plain \ltrpar\s25\qj \fi-720\li720\ri0\keep\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
MADE by the National Parliament to come into operation in accordance with a notice in the National Gazette by the Head of State, acting with, and in accordance with, the advice of the Minister.
\par }\pard\plain \ltrpar\s84\qc \li0\ri0\sb240\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs85\insrsid5789469 PART I. \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 PRELIMINARY.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 1.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Compliance with Constitutional requirements..
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 For the purposes of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs96\insrsid5789469 Section 41 of the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs93\i\insrsid5789469 
Organic Law on Provincial Governments and Local-level Governments}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 , it is declared that this Act relates to a matter of national interest. 
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 This Act, to the extent that it regulates or restricts the exercise of a right or freedom referred to in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs96\insrsid5789469 Subdivision III.3.C (qualified rights) of the }
{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs93\i\insrsid5789469 Constitution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 , namely\~\endash 
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 the right to freedom from arbitrary search and entry conferred by }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \cs96\insrsid5789469 Section 44}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 ; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
the right to freedom of expression and publication conferred by }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs96\insrsid5789469 Section 46}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 ; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 the right to peaceful
ly assemble and associate and to form or belong to, or not to belong to, political parties, industrial organisations or other associations conferred by }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs96\insrsid5789469 Section 47}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5789469 ; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
the right to freedom of choice of employment in any calling for which a person has the qualifications (if any) lawfully required conferred by }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs96\insrsid5789469 Section 48}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
the right to reasonable privacy conferred by }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs96\insrsid5789469 Section 49}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 ; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 f}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
the right of reasonable access to official documents conferred by }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs96\insrsid5789469 Section 51 of the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs93\i\insrsid5789469 Constitution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
, is a law that is made (pursuant to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs96\insrsid5789469 Section 38 of the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs93\i\insrsid5789469 Constitution}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
), taking account of the National Goals and Directive Principles and the Basic Social Obligations, in particular the National Goals and Directive Principles entitled\~\endash 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 g}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 national sovereignty and self reli
ance; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 h}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
natural resources and environment, for the purpose of giving effect to the public interest in public order and public welfare.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 2.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Interpretation.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 In this Act, unless the contrary intention appears\~\endash 
\par }\pard\plain \ltrpar\s47\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 
\cs46\b\insrsid5789469 \'93Bank\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  means the company incorporated in accordance with }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Section\~4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 ; 
\par }{\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \cs46\b\insrsid5789469 \'93Board\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  means the National Development Bank Board established by }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Section\~10}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5789469 ; 
\par }{\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \cs46\b\insrsid5789469 \'93Chairman\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  means the Chairman of the Board for the time being appointed under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Section\~13}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 ; 
\par }{\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \cs46\b\insrsid5789469 \'93Deputy Chairman\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  means the Deputy Chairman of the Board for the time being appointed under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 
Section\~13}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 ; 
\par }{\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \cs46\b\insrsid5789469 \'93Managing Director\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  means the Managing Director appointed under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Section\~23}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5789469 ; 
\par }{\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \cs46\b\insrsid5789469 \'93Minister\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  means the Minister with ministerial responsibility over the National Development Bank; 
\par }{\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \cs46\b\insrsid5789469 \'93Secretary\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  means the Secretary of the Board appointed under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Section\~17}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5789469 ; 
\par }{\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \cs46\b\insrsid5789469 \'93this Act\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  includes any regulations made under it. 
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 A reference in this Act to any other Act includes\~\endash 
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 any regulations made under that other Act; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 any Act tha
t is substituted for or that replaces that other Act; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
any regulations made under any such substitute or replacement Act.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 3.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Act binds the State.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
This Act binds the State.
\par }\pard\plain \ltrpar\s86\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs85\insrsid5789469 PART II. \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 THE NATIONAL DEVELOPMENT BANK.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb120\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 \ltrch\fcs0 \b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs49\insrsid5789469 Division 1. \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The National Development Bank.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 4.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Incorporation of the National Development Bank.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 For the purposes of this Act, there shall be an entity named the National Development Bank to be incorporated under the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs104\i\insrsid5789469 
Companies Act 1997}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  and having a constitution. 
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Bank\~\endash 
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 is a body corporate with perpetual succession; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 shall have a common seal; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
may acquire, hold and dispose of property; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
may sue and be sued in its corporate name and style.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 All courts, Judges and persons actions judicially shall take judicial notice of the common seal of the Bank affixed to a document and shall presume that it was properly affixed. 
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 5.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Functions of the Bank.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The functions of the Bank are\~\endash 
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
to mobilise savings and provide credit and other banking and financial services to the people of Papua New Guinea; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
to carry out such other functions as are given to it under this Act or any other law; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 generally to do such supplementary, inc
idental, or consequential acts and things as are necessary or convenient for the Bank to carry out its functions.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 6.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Powers of the Bank.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The Bank has, in addition to the powers otherwise conferred on it by this Act and any other law, power to do all things necessary or convenient to be done for or in connection with the performance of its functions.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 7.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Bank not a department.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Bank is not a public body for the purposes of the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs93\i\insrsid5789469 Public Services (Management) Act 1995}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5789469 , and the provisions of the Act do not apply to the Bank. 
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The provisions of the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs93\i\insrsid5789469 Salaries and Conditions Monitoring Committee Act 1988}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
 do not apply to the Bank.
\par }\pard\plain \ltrpar\s48\qc \li0\ri0\sb120\keepn\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\ai\af0\afs24\alang1025 \ltrch\fcs0 \b\i\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs49\insrsid5789469 Division 2. \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 National Development Band Board.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 8.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 National Development Bank Board.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 There is established a board for the Bank to be called the National Development Band Board.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Subject to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Section\~6}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
 the Board is to perform the functions, exercise the powers and manage and direct the administrative affairs of the Bank.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 In the exercise of its functions under this Act, the Boar
d shall act in accordance with, and shall give effect to, any general or specific directions as to policy given to it from time to time by the National Government through the Minister provided the policy directions are lawful and are in the best interest 
of the Bank.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Any direction as to policy given by the Minister under this Act shall not be inconsistent with the provisions of this Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Notwithstanding anything in this Act, the Managing Director has the sole right and responsibility, to the exclusi
on of the Board, to supervise and direct the staff of the Bank in the exercise of all powers, functions and discretions in respect of the business of the Bank and the administration and enforcement of this Act.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 9.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Membership of the Board.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Board shall consist of not more than nine members comprising\~\endash 
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 the Managing Director, }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 
\cs52\i\insrsid5789469 ex officio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 ; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
the Departmental Head of the Department responsible for treasury matters, or his nominee who must occupy a position in the National Public Service of a level no lower than Deputy Secretary, }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs52\i\insrsid5789469 
ex officio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 ; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
a person nominated by the Rural Industrial Council who is a chief executive of an agricultural commodity board; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
a person nominated by the Rural Industries Council who is a chief executive of a company whose main business undertaking is in the agricultural sector; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
a person nominated by the Papua New Guinea Institute of Practising Accountants who is a chartered practicing accountant and a member of the Papua New Guinea Institute of Practising Accountants; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 f}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
a person nominated by the Papua New Guinea Law Society who is a member of the Papua New Guinea Law Society; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 g}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
a person with significant business management, accounting or financial experience nominated by the Papua New Guinea Chamber of Commerce; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 h}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
two persons appointed by the Head State, acting on advice, from the National Executive Council by notice in the
 National Gazette, from a list of six candidates with significant experience in the banking and finance industry nominated by the Board from applications solicited from the public by way of public advertisement.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 A person nominated under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Section\~9(1)(c)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 , }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 (d)}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 , }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 (e)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 , }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 (f)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
 and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 (g)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  shall, unless he is ineligible for appointment as a member of the Board under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Section\~10}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 , shall hold office as a member of the Board.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Where a person nominated under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Section\~9(1)(c)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 , }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 (d)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 , }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 (e)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 , }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs97\insrsid5789469 (f)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 (g)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  is ineligible for appointment as a member of the Board under }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \cs97\insrsid5789469 Section\~10}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 , the Chairman or the Secretary shall give notice to the nominating body advising that body to nominate another person to be a member of the Board.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Chairman or the Secretary shall publish a notice of appointment or termination of appointment of a member of the Board appointed under }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Subsection\~(2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  in the National Gazette.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 10.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Eligibility to be a member of the Board.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
No person shall be appointed as a member of the Board, under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Section\~9}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 , if that person\~\endash 
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
has been a professional adviser or consultant of the Bank or a Subsidiary within he last three years prior to his appointment; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
is a supplier of the Bank or a subsidiary; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 has 
contractual relationship with the Bank or a subsidiary, other than as director of the Bank; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
is not free from any interest and any business or other relationship which could, or could reasonably be perceived to, materially interfere with the director\rquote s ability to act in the best interests of the Bank.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 11.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Term of the Board.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
Once appointed all members of the Board shall serve a full term of four years and be eligible for reappointment for a second term. Directors can resign on their own accord or be terminated on the grounds provided under }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs97\insrsid5789469 Section\~12(1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  or the Act.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 12.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Disqualification of members of Board.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 No person shall be appointed or reappointed as a member of the Board, if that person\~\endash 
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 is a Judge; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 is a parent, child, sibling or cou
sin of a person who is a current member of the Board, or a parent, child or sibling of such a person; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
is or as been bankrupt, or has applied to take the benefit of any law for the benefit of bankrupt or insolvent debtors, or has compounded with his creditors or made an assignment for their benefit; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 is 70 years of age or over; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
is standing or to stand trial for, or has been convicted of, any offence punishable under a law by imprisonment; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 f}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
is subject of a referral to the Leadership Tribunal by the Ombudsman Commission; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 g}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
is prohibited from being a director or member or promoter of, or from taking part (in any way, whether directly or indirectly) in the management of, a company under any law of the State; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 h}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 has his affairs a
dministered under any law relating to mental health; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
has previously been dismissed from public office by a Leadership Tribunal.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Board shall decide an appropriate fee to be paid having regard to the functions, duties and responsibilities of the members of the Board under this Act and shall recommend this fee to the Minister.

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Each member of the Board, other than an }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs52\i\insrsid5789469 ex officio}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5789469  member or his alternate member, should be paid a fee as determined by the Minister after considering the Board\rquote s recommendation.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The bank must pay each member of the Board reasonable travelling and other expenses incurred in carrying out their duties under the Act.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 13.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Appointment of the Chairman and Deputy Chairman of the Board.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Subject to this Act, the National Executive Council shall appoint a Chairman and Deputy Chairman from amongst the Board members appointed under }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs97\insrsid5789469 Section\~9}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  of this Act.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The National Executive Council shall appoint a Chairman and Deputy Chairman from the list of names of Board members submitted to the National Executive Council by the Bank.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Managing Director is not eligible to be appointed as Chairman or Deputy Chairman.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 14.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Grant of leave of absence by Chairman.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Chairman shall have the power to grant a leave of absence to a Board member on terms and conditions that the Chairman determines.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Board may grant leave of absence to the Chairman on terms and conditions that the Board determines.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 15.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Suspension and resignation of Board members.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 A member is deemed to be automatically suspended from the Board upon criminal proceedings being brought against him.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The suspension is deemed to be lifted upon dismissal of the proceedings by the court upon the member\rquote s acquittal in the proceedings.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 A Board member, other than an }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs52\i\insrsid5789469 ex officio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
 member, may resign his office by tendering his written resignation to the Bank.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 16.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Termination of Board members.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 A member\rquote s appointment to the Board can only be terminated in the event of any of the following\~\endash 
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 death or permanent incapacity; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 tendering of written resignation; or

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 is convicted of a criminal offence; or

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 absence, without written consent o
f the Board, or leave granted by the Board or Chairman as the case may be, from three consecutive meetings; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 failure to disclose an interest; or

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 f}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
does not comply with eligibility criteria identified in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Section\~10}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 ; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 g}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 ceases to be a resident of
 Papua New Guinea; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 h}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
if a lawyer, has his or her right to practice as a lawyer revoked by the Papua New Guinea Law Society; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
if an accountant, has his right to practice as an accountant revoked by the Papua New Guinea Institute of Accountants; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 j}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
ceasing to occupy the position that entitles him to the directorship, if an }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs52\i\insrsid5789469 ex-officio}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 ; or
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 k}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 u
pon the service to the Bank of a notice of objection by the Ombudsman Commission stating that the Director is not a fit and proper person to be a director of the Bank.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The powers and functions of the Board are not to be invalidated by a reason of vacancy in the membership of the Board.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The Bank must give written notice to the Minister if any person has become or ceased to be a director, the Managing Director, of the Bank within 14 days of the Bank becoming aware of the relevant facts.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 17.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Secretary of the board.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The Board shall be required to appoint an employee of the Bank on recommendation from the Managing Director as Secretary, who will be responsible for the convening meetings, and recording minutes for the Board and undertaking other administra
tive and legal and statutory functions of the Board.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 18.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Meetings of the board.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Board must meet not less, than once every three months, or as often as the business of the Board requires.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Each Board member in the country must be given at least 7 days notice of a meeting.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The quorum of the Board shall be five members, with the Chairman presiding or in the Chairman\rquote 
s absence the Deputy Chairman or a member appointed as Chairman for that meeting if the Deputy Chairman is absent.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Each member shall have one vote, with matters before the Board to be decided by majority of the votes of the members present and voting.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The person presiding at a meeting has a deliberative as well as a casting vote in the event of an equality of votes.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (6) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Board will be required to keep records, minutes and determine its own procedures.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (7) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
When the Board is required to consider the termination of the Managing Director, five members of the Board, other than the Managing Director, should be able to attend a mee
ting which discusses the termination of the Managing Director, except that he shall not be allowed to vote or participate in discussion or debate other than when determined by members present to answer or defend allegations against him.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (8) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Where the termi
nation of the Managing Director is being considered by the Board, no other business or matter may be transacted, considered or dealt with.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 19.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Disclosure of interest.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 A Board member who has a direct or indirect interest in a matter being considered, or
 about to be considered by the Board, disclose the nature of the interest at a meeting as soon as he is aware of the relevant facts, such a disclosure should be noted in the minutes of meeting.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Board member making the disclosure should not particip
ate in any debate, deliberation, decision or vote of Board in relation to the matter and would be disregarded for the purposes of determining whether a quorum is present.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 20.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Establishment of committees.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Board shall establish committees to advise it on such matters as it considers necessary.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Board shall appoint people that it considers necessary to the committees and specify the functions and procedures of a committee and determine appropriate remuneration if required. 
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 21.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Reports.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The Board shall at the request of the Minister, reports in relation to the functions of the Bank, which would be in addition to the annual report.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 22.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Indemnity of directors.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
A Director of the Bank shall not be liable for all actions, suits, proceedings, claims or
 demands in any jurisdiction arising out of any act, matter or thing done or omission, by that Director in good faith and without negligence for the purpose of carrying out or giving effect to the Act.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 23.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Managing director.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The Managing Director appointed under this Act shall be the Chief Executive Officer of the Bank, the head of staff of the Bank and will be responsible to the Board for the efficient carrying out of the functions of the Bank.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Subject to this section the Managing Director shall be appointed by the National Executive Council from a short list of candidates recommended by the Board to the Minister.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Managing Director shall\~\endash 
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
possess at least a graduate degree in a related field to the activities of the Bank; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
be eligible for membership to the Papua New Guinea Institute of Directors; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
must have significant experience in banking, financial services or commerce.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Prior to his appointment as the Managing Director, approval must be sought by the Ombudsman Commission that the Managing Director is a fit and proper person.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The Managing Director shall be appointed for a term of four years and on such terms and conditions determined by the Board and is eligible for reappointment.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (6) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Where the Managing Director\~\endash 
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 becomes incapable for any reason of performing his duties;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
other than with the consent of the Board, engages in any paid employment or carried on business outside the duties of his office;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 becomes bankrupt, applies
 to take the benefit of any law for the relief of bankrupt or insolvent debtors, compounds with his creditors or makes an assignment of his salary for their benefit;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
resigns his office in writing, signed by him and delivered to the Bank;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 is convict
ed of an offence that is punishable under a law;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 f}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
ceases to be a resident of Papua New Guinea;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 g}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
upon the service of objection to the Managing Director and the Ombudsman Commission stating that the Managing Director is not fit and proper person to hold the Managing Director\rquote s position, his appointment shall be terminated.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(7) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Managing Director may be terminated on such other grounds as are provided in his contract of employment.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (8) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Any contract, arrangement or understanding under which the Managin
g Director may be entitled to any compensation or payment in respect of the termination of his appointment other than as provided for above is void and of no force or effect. 
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 24.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Functions of the managing director.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Managing Director shall manage the Bank in accordance with the policy and direction of the Board.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Managing Director shall advice the Board on any manner concerning the Bank referred to him by the Board and as otherwise specified in this Act and the constitution.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Managing 
Director shall carry out and perform the functions, powers and duties required of him under this Act, the constitution and his contract of employment and any other such functions, powers and duties as the Board may from time to time determine.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Mana
ging Director, by instrument in writing to delegate all or any of his functions, powers (other than his power of delegation) or duties to any person, however, such delegation must be reported immediately to the Board in writing.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 When the Managing Direc
tor is on vacation or absent from work with the consent of the Chairman, the Chairman may appoint a member of the staff recommended by the Managing Director to assume the powers of the Managing Director, including his powers as a Director of the Bank, unt
il the Managing Director returns to work.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (6) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The Managing Director may not accept appointment to the board of directors of a company which is not a wholly owned subsidiary of the Bank without first seeking the consent of the Board of the Bank.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 25.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Staff of the bank.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The Managing Director may appoint employees of the Bank who he considers necessary for the purpose of giving effect to the Act and the constitution, in accordance with policies established and approved by the Board on such terms and 
conditions as the Board determines and he may dismiss any such employee in accordance with procedures established by the Board.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Managing Director shall direct and control the employees of the Bank.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The staff of the Bank (including the Managing 
Director) are not officers of the Public Services and the Department of Personnel Management shall have no function or role in relation to the staff of the Bank.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Managing Director and each employee of the Bank must be employed under a contract of employment.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Managing Director\rquote 
s contract of employment must be executed by the Bank under its common seal attested by the Chairman and Deputy Chairman of the Board and by the Managing Director and in the cease of any other employees to be executed b
y the Managing Director on behalf of the Bank and by the employee in accordance with procedures established by the Board.
\par }\pard\plain \ltrpar\s86\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs85\insrsid5789469 PART III. \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 BANKS AND FINANCIAL INSTITUTIONS ACT.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 26.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Application to apply for a license under the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs104\i\caps\insrsid5789469 Banks and Financial Institutions Act 2000}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \caps\insrsid5789469 .
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The National Development Bank may apply for a license from the Bank of Papua New Guinea under the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs104\i\insrsid5789469 Banks and Financial Institutions Act 2000}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
 to be able to mobilize public deposits and offer other banking and financial services where a license is required.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 27.\tab }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs93\i\caps\insrsid5789469 Public Finances (Management) Act 1995}{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469  .
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Subject to Subsection (3), for the avoidance of doubt, the Bank is not a public body for he purposes of the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs93\i\insrsid5789469 
Public Finances (Management) Act 1995}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 . 
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs96\insrsid5789469 Section 4 of the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs93\i\insrsid5789469 Independent Public Business Corporation of Papua New Guinea Act 2002}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
 is deemed not to apply to the Bank. 
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 28.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Funds, investments and borrowing.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The funds of the Bank include\~\endash 
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
moneys received from interest on credit provided to customers and fees charged to customers;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
all moneys appropriated by an Act to the Bank;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
funds received by way of grants and subscriptions;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
moneys received by the Bank from investments or borrowings;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
moneys received by the Bank for goods and services provided by it;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 f}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
all other moneys received by the Bank in the exercise and performance of its powers, functions and duties under this Act.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Bank may retain or distribute any surplus funds in a given year as determined by the Board.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Bank may only expend its funds in the following circumstances
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
in the provision of credit and other banking services, including the taking of deposits, under this Act;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 in pay
ment or discharge of expenses, obligations and liabilities of the Bank;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
in payment of the remuneration of the staff of the Bank and of allowances to the members of the Board, or members of any other committee of the Board;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 in making investments;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
for such other purposes as are consistent with the functions of the Bank as determined by the Board, in consultation with the Managing Director.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Bank may invest money not immediately required by it as it sees fit.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Bank may only borrow money for its purposes from the State or an authorised financial institution with\~\endash 
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
the approval of the Board, if the principle amount to be borrowed does not exceed 10% of the net assets of the Bank at the time of borrowing; and
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 the consent of the Na
tional Executive Council, if the principle amount to be borrowed exceeds 10 % of the net assets of the Bank at the time of borrowing, but any such borrowing may only be made after the Board satisfies itself that the Bank will not breach the solvency test 
as a result of the borrowing.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 29.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 State guarantee.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The State may guarantee or indemnify the Bank in respect of any assert or liability (including any overdraft or other financial accommodation) of the Bank, in the absence of any express guarantee, it sh
ould not be assumed that the State automatically guarantees an asset or liability of the Bank.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Where any guarantee or indemnity has previously been given by the State in respect of any assets or liabilities of the Bank, including assets and liabilities
 which have been assumed by, vested in or transferred to the Bank, such guarantee or indemnity will remain in full force and effect. This includes all assets or liabilities of the Bank as at the date this Act becomes operational.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 30.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Liability to taxation.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The Bank is liable to pay all taxes.
\par }\pard\plain \ltrpar\s86\qc \li0\ri0\sb120\keepn\pagebb\widctlpar\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\caps\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs85\insrsid5789469 PART IV. \endash  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 FINANCIAL REPORTING, ACCOUNTING RECORDS, ANNUAL REPORT AND AUDIT.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 31.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Financial statements.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Board must ensure that the Bank produces financial statements that comply with generally accepted accountin
g practice and give a true and fair review of the matters to which they relate.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The financial statements are to be signed on behalf of the Board by the Managing Director and the Board Chairman within 3 months of close of 31 December.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 32.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Accounting records.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The Board must ensure that the Bank keeps accounting records that correctly records and explain the transactions of the Bank to be determined with accuracy and will enable the financial statements of the Bank to be readily and properly audited.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The accounting records must contain entries of money received and spent each day and the matters to which that money relates and a record of assets and liabilities of the Bank.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Bank must keep accounting records for the current accounting period 
and for the previous seven completed accounting periods in a written form or form which is easily accessible convertible into written form.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 33.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Annual report.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Board must prepare an annual report, which is to be furnished to the Minister during the previous accounting period by 31 March of each succeeding year.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 A copy of the annual report must be furnished to the head of the department responsible for treasury matters.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Minister must table the annual report in Parliament as soon as possible after he receives it.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 An annual report must contain as a minimum, the following details\~\endash 
\par }\pard\plain \ltrpar\s82\qj \fi-720\li1440\ri0\widctlpar\wrapdefault\nooverflow\faroman\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
a report on the performance and management of the operation and activities of the Bank during the accounting period;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 b}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
audited financial statements for the accounting period completed and signed;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
describe any change in accounting policies made during the accounting period;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 d}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
state particulars of any interest disclosed by a member of the Board during the accounting period;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 e}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
state in respect of each member or former member of the Board (including the Managing Director and any former Managing Director), the total of the remuneration and value of other benefits received by that me
mber or former member during the accounting period;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 f}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
state the number of employees or former employees of the Bank, who during the accounting period, received remuneration and any other benefits in their capacity as employees the value of which exceeded
 K50,000 per annum, and is to state the number of such employees or former employees in brackets of K10,000;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 g}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
state the total amount of any donations made or commissions paid by the Bank during the accounting period;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 h}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 state the names of the persons h
olding office as members of the Board at the end of the accounting period and the name of any person who ceased to hold office as member of the Board during the accounting period;
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 (}{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs83\i\insrsid5789469 i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs83\insrsid5789469 )\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
be signed on behalf of the Board by the Managing Director and the Board Chairman.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(5) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The annual report of the Bank should be classified as a public document and available to the public upon payment of an appropriate fee (not exceeding K10.00) or such other amount as may be prescribed from time to time.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 34.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Audit.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Bank shall appoint a reputable accounting firm ordinarily resident in the country who is a registered company auditor under the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 
\cs93\i\insrsid5789469 Accountants Act 1996}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  to be the auditor of the Bank to audit the financial statements of the Bank from time to time.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 An auditor appointed under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Subsection\~(1)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
 shall be appointed for a term of one year and hold office on terms and conditions determined by the Board and is eligible for reappointment.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Board may appoint a qualified person or a firm to be the Bank\rquote s internal audi
tor, who should provide written audit reports as requested by the Board from time to time.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 35.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Proof of certain matters, service and appointment of attorneys.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Any proceedings by or against the Bank proof is not required, unless evidence is given to the contrary of the Bank\rquote 
s constitution, of a resolution of the Board, the appointment of a member to the Board, the appointment of the Managing Director, or the presence of a quorum at a meeting of the Board at which a determination is made or an act is done.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Any notice, summons, writ or other process may be served on the Bank by being left at the Registered Office of the Bank.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Any document which the Bank is required to authenticate shall be done with the Bank\rquote s common seal and affixed in accordance with this Act.

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The Bank should be able to appoint by instrument under its common seal, a person to act as its attorney for the purposes of doing anything that the Bank itself might lawfully do.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 36.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Recovery of money and protection from liability.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Bank may recover any money owing to it as a debt.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Any member of the Board, a committee of the Board or an employee or servant or agent of the Bank (including its Managing Director) must not be personally liable for any act or default of himself or th
e Bank done or omitted to be done in good faith in the course of the activities of the operations of the Bank or for the purposes of the Bank.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 37.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Confidentiality.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Bank must take reasonable steps to prote
ct itself from unauthorised use or disclosure, information given to it in confidence or in connection with the performance of its functions under the Act.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Unauthorised use or disclosure of such confidential information by an employee or a director is an offence that should warrant the termination of the employee or dismissal of the director from the Board.

\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The disclosure of any information required and permitted by any law or court is to be seen as an authorised use and disclosure of information.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (4) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The disclosure of information by a person for the purposes of performing that person\rquote 
s functions as an employee of the Bank or as a member of the Board is also to be an authorised use and disclosure of the information.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 38.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Transfer of assets and liabilities.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
All assets held by an obligations and liabilities of the previous Bank immediately before the coming into operation of this Act are, on that coming into operation, transferred to and become assets, obligations and liabilities of the Bank.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 All 
assets held by and obligations and liabilities of the previous Development Bank immediately before the coming into operation of this Act are, on that coming into operation, transferred to and become assets, obligations and liabilities of the Bank.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 39.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Application of acts.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
Any document or instrument wherever made or executed, contains a reference, express or implied, to the Bank, or the Rural Development Bank or the Agriculture Bank, that reference, on the coming into operation of this Act, is to be read
 and construed and have effect as a reference to the Bank.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 In this section\~\endash 
\par }\pard\plain \ltrpar\s47\qj \fi-734\li1440\ri0\sa120\widctlpar\wrapdefault\faauto\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \ab\af0 \ltrch\fcs0 
\cs46\b\insrsid5789469 \'93previous Bank\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  means the Rural Development Bank Ltd established under the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs93\i\insrsid5789469 Rural Development Bank Act 1965}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \insrsid5789469  (Chapter 139); 
\par }{\rtlch\fcs1 \ab\af0 \ltrch\fcs0 \cs46\b\insrsid5789469 \'93previous Development Bank\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  means the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs93\i\insrsid5789469 Rural Development Bank Act 1965}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5789469  (Chapter 139) (repealed); 
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 40.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 No effect on previous acts and decisions.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
The validity of any act or decision done or made by the Bank before the coming into operation of this Act and every such act or decision will be taken 
to be valid and effectual and to have continuing effect as if those acts or decisions were made or done under this Act.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 41.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Transitional term of managing director and the board.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 The Managing Director of the Bank at the time this Act comes into operatio
n, shall continue to hold office for a period of twelve months from the date this Act comes into operation and shall exercise all powers of Managing Director under this Act until a new Managing Director is appointed under this Act. 
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 A Director of the B
ank at the time this Act comes into operation, shall continue to hold office for a period of 12 months from the date this Act comes into operation and shall exercise all powers of Director under this Act until a new Director is appointed under this Act.

\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 42.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Registration of title of land.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Where any property vested in the previous Bank is land registered under the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs93\i\insrsid5789469 Land Registration Act 1981}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \insrsid5789469 , the Registrar of Titles shall, without formal transfer, on application by the Bank, enter or register the Bank in t
he register kept under that Act and on entry and registration, grant a certificate of title, lease or other instrument evidencing title to the land within that Act. 
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 Where any property vested in the previous Development Bank is land registered under the }{\rtlch\fcs1 \ai\af0 \ltrch\fcs0 \cs93\i\insrsid5789469 Land Registration Act 1981}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\insrsid5789469 , the Registrar of Titles shall, without formal transfer, on application by the Bank, enter or register the Bank in the register kept under that Act and on entry registration, grant a certificate of title, lease or other instrum
ent evidencing title to the land within that Act.
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 (3) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 No stamp duty or other duty, tax or fee is payable on registration made under }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 Subsections\~(1)}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469  and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs97\insrsid5789469 (2)}{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 .
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 43.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Savings of contracts, etc.,.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs114\insrsid5789469 (1) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 All contracts and agreements (including for employment) entere
d into, made with or addressed to the previous Bank are, to the extent that they were immediately before the coming into operation of this Act binding on and enforceable against the previous Bank binding on and of full force and effect against or in favou
r of the Bank as fully and effectually as if the Bank had been a party to them or bound by them or entitled to the benefit of them.
\par }\pard\plain \ltrpar\s113\qj \fi720\li0\ri0\sa120\widctlpar\tx1170\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs114\insrsid5789469 
(2) }{\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 All contracts and agreements (including for employment) entered into, made with or addressed to the previous Development 
Bank are, to the extent that they were immediately before the coming into operation of this Act binding on and enforceable against the previous Development Bank binding on and of full force and effect against or in favour of the Bank as fully and effectua
lly as if the Bank had been a party to them or bound by them or entitled to the benefit of them.
\par }\pard\plain \ltrpar\s59\qj \fi-720\li720\ri0\sb240\sa120\keepn\widctlpar\wrapdefault\faauto\rin0\lin720\itap0 \rtlch\fcs1 \ab\af0\afs24\alang1025 \ltrch\fcs0 \b\fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs103\caps\insrsid5789469 44.\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \caps\insrsid5789469 Actions, etc., not to abate.
\par }\pard\plain \ltrpar\s92\qj \fi720\li0\ri0\sa120\widctlpar\tx720\tx1166\wrapdefault\faauto\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang3081\langfe1033\cgrid\langnp3081\langfenp1033 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid5789469 
Where,
 immediately before the coming into operation of this Act any arbitration, action or proceeding was pending or existing by, against or in favour of the previous Bank it does not, on that coming into operation, abate or discontinue, but it may be prosecute
d, continued or enforced by, against or in favour of the Bank.
\par 
\par 
\par Office of Legislative Counsel, PNG
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