21.—(1) There shall be a chief officer of the Authority who shall be known, and is referred to in this Act, as the chief executive.

(2) The chief executive shall carry on and manage and control generally the administration and business of the Authority, advise the Authority in relation to the performance of its functions and perform such other functions as may be determined by the Authority.

(3) The chief executive shall hold office on and subject to such terms and conditions (including terms and conditions relating to remuneration) as may be approved of by the Authority with the consent of the Minister and the Minister for Finance.

(4) The chief executive shall be paid, out of moneys at the disposal of the Authority, such allowances for expenses incurred by him in the performance of his functions as may be determined by the Authority with the consent of the Minister and the Minister for Finance.

(5) The chief executive shall be appointed, and may be removed from office at any time where he fails to perform his functions satisfactorily, by the Authority.

(6) The chief executive shall devote the whole of his time to the duties as chief executive and shall not hold any other office or position without the consent of the Authority.

(7) The chief executive may make proposals to the Authority on any matter relating to its activities.