Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:2_236b
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 2 cl 236B
Character Range: 527899–528931

236B  Appointment of members of the AASB

Appointment of Chair

 (1) The Minister appoints the Chair of the AASB.

Appointment of other members

 (2) The FRC appoints the other members of the AASB. The AASB may appoint one of its members to be Deputy Chair of the AASB.

Qualification for appointment

 (3) A person must not be appointed as a member of the AASB unless their knowledge of, or experience in, business, accounting, law or government qualifies them for the appointment.

Appointment document

 (4) An appointment under subsection (1) or (2) is to be made in writing.

Period of appointment

 (5) The appointment document must specify the period of the appointment (not exceeding 5 years). A member holds office for the period specified in the appointment document and is eligible for reappointment.

Terms and conditions of appointment

 (6) The Chair holds office on the terms and conditions that are determined by the Minister. The other members hold office on the terms and conditions determined by the FRC.