Document ID: chunk:federal_register_of_legislation:C2004A01334:clause:1_236f
Version: federal_register_of_legislation:C2004A01334
Segment Type: clause
Provision Reference: sch 1 cl 236F
Character Range: 34083–35150

236F  Appointment of members of the AUASB

Appointment of Chair

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

Appointment of other members

 (2) The FRC appoints the other members of the AUASB.

 (3) The AUASB may appoint one of its members to be Deputy Chair of the Board.

Qualification for appointment

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

Appointment document

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

Period of appointment

 (6) The appointment document must specify the period of the appointment (not exceeding 5 years).

 (7) A member holds office for the period specified in the appointment document and is eligible for re‑appointment.

Terms and conditions of appointment

 (8) The Chair holds office on the terms and conditions that are determined by the Minister.

 (9) The other members hold office on the terms and conditions determined by the FRC.