State-Owned Enterprises (Amendment) Act 2013 (No. 13 of 2013)

REPUBLIC OF KIRIBATI ( (No. 13 of 2013) I assent, A-j~-I ,'/\ Beretitent~ ~rUt~ , 2013 An Act to amend the State-Owned Enterprises Act Commencement 2013 MADE by the Maneaba ni Maungatabu and assented to by the Beretitenti Short title 1. This Act may be cited as the State-Owned Enterprises (Amendment) Act 2013. 2. Amendment of section 16 Section 16 is amended by inserting a new section 16A as follows: (l16A Directors' sitting allowance (1) Notwithstanding section 15, directors of an SOE, may be paid, out of the funds of that SOE, a sitting allowance for attending to any board meetings of that SOE, at such rates as the Beretitenti, acting in accordance with the advice of the Cabinet, determines. (2) This section prevails over any contrary provisions of other laws or the articles of the SOE. 1 EXPLANATORY MEMORANDUM ( The purpose of the Act is to legislate sitting allowances in respect of the directors of state owned enterprises. This is done by creating a new section, dealing with Sitting allowances, namely section 16A. Rairana Te Bira aio e karaoa te tua ibukin kabwakaan te arauenti ni bowi ibukia tarekita n ana rabata ni karikirake te tautaeka. E karaoaki aio ni karinan te kibu ae boou ae tabe ma te arauanti n bowi. Teburoro Tito MP (Urban Tarawa) 23/7/2013 2 , , , "' ( CERTIFICATE OF THE CLERK OF THE MANEABA NI MAUNGATABU This printed impression has been carefully examined by me with the Bill which passed the Maneaba ni Maungatabu on the 11th December 2013 and is found by me to be a true and correctly printed copy of the said Bill. ~. . ............. "; ... ...... ~ EnlTekanene Clerk of the Maneaba ni Maungatabu '7 Published by exhibition at the Maneaba ni Maungatabu this .:?<;:i?. day of December 2013 . .~ Eni Tekanene Clerk of the Maneaba ni Maungatabu