147Membership

#### 147 Membership (1) The Advisory Committee shall consist of the following members, namely, the Chairperson of the Commission and such other members as hold office in accordance with this Part. (2) The members (other than the Chairperson of the Commission) shall be appointed by the Minister on a part‑time basis. (3) The Minister shall, by writing, appoint a member (other than the Chairperson of the Commission) as the Convenor of the Advisory Committee. (4) The Minister shall appoint a person as a member only if the Minister is satisfied that the person is qualified for appointment by virtue of his or her knowledge of, or experience in, one or more of the following fields, namely, business, the administration of companies, the financial markets, law, economics and accounting. (5) In appointing the members: (a) the Minister must have regard to the desirability of the views of business communities throughout Australia being adequately represented among the members; and (b) the Minister must ensure so far as practicable that at any time there is at least one member of the Advisory Committee from each State and the Northern Territory. (6) For the purposes of subsection (5), a member is from a particular State or Territory if he or she is a resident of that State or Territory.