(1) The council must appoint a member of the council or another person to be the Vice-Chancellor and President of the university.
(2) The vice-chancellor—
(a) is the executive officer of the university; and
(b) has the functions that the statutes prescribe or, subject to the statutes, the council decides.
(3) The vice-chancellor holds office for the period, and on the conditions, subject to the statutes, that the council decides.
(4) A person is not eligible to be appointed as the vice-chancellor if the person is disqualified from managing corporations under the Corporations Act
, part 2D.6 (Disqualification from managing corporations).