Document ID: chunk:federal_register_of_legislation:C2025C00182:section:203
Version: federal_register_of_legislation:C2025C00182
Segment Type: section
Provision Reference: s 203
Character Range: 540556–542337

203  Membership of Disciplinary Board
 (1) The Disciplinary Board consists of:
 (a) a Chairperson; and
 (b) a Deputy Chairperson; and
 (c) 6 members that the Minister selects who are eligible under subsection (1B) for appointment as a member; and
 (e) 6 members that the Minister selects who are eligible under subsection (2A) for appointment as a member.
 (1A) The accounting members are the members appointed under paragraph (1)(c), and the business members are the members appointed under paragraph (1)(e).
 (1B) A person is eligible under this subsection for appointment as an accounting member if the person:
 (a) is resident in Australia; and
 (b) is a member of:
 (i) a professional accounting body; or
 (ii) any other body prescribed by the regulations for the purposes of this subparagraph.
 (2) A person is not eligible for appointment as Chairperson or Deputy Chairperson unless he or she is enrolled as a barrister, as a solicitor, as a barrister and solicitor or as a legal practitioner of the High Court, of any federal court or of the Supreme Court of a State or Territory and has been so enrolled for a period of at least 5 years.
 (2A) A person is eligible under this subsection for appointment as a business member if:
 (a) the person is resident in Australia; and
 (b) the Minister is satisfied that the person is suitable for the appointment as a representative of the business community because of the person's qualifications in, knowledge of or experience in one or more of the following fields:
 (i) business or commerce;
 (iii) financial markets;
 (iv) financial products and financial services;
 (v) economics;
 (vi) law.
 (3) The Chairperson, the Deputy Chairperson and each of the other members are to be appointed by the Minister on a part‑time basis.