Document ID: chunk:federal_register_of_legislation:C2023C00441:section:38
Version: federal_register_of_legislation:C2023C00441
Segment Type: section
Provision Reference: s 38
Character Range: 43612–44824

38  Membership
 (1) The Board consists of the following members:
 (a) a Chair;
 (b) 6 other members.
Note: Section 18B of the Acts Interpretation Act 1901 deals with the title of the Chair.
 (2) Board members are to be appointed by the responsible Ministers by written instrument.
Note: A Board member may be reappointed: see section 33AA of the Acts Interpretation Act 1901.
 (3) A person is not eligible for appointment as a Board member unless the responsible Ministers are satisfied that the person has:
 (a) substantial experience or expertise; and
 (b) professional credibility and significant standing;
in at least one of the following fields:
 (c) investing in financial assets;
 (d) the management of investments in financial assets;
 (e) corporate governance.
 (4) A person is not eligible for appointment as a Board member if the person is:
 (a) an employee of the Commonwealth; or
 (b) an employee of a statutory authority of the Commonwealth; or
 (c) an employee of a Commonwealth company; or
 (d) the holder of a full‑time office under a law of the Commonwealth.
Note: A Board member is not an employee of the Commonwealth. A Board member holds a part‑time office under a law of the Commonwealth.