Australian Securities and Investments Commission Act 1989
203Membership of Disciplinary Board
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203 Membership of Disciplinary Board
(1) The Disciplinary Board shall consist of: (a) a Chairperson; (b) a member selected by the Minister from a panel of 5 persons, being persons resident in Australia, nominated by the National Council of the Institute of Chartered Accountants in Australia; and (c) a member selected by the Minister from a panel of 5 persons, being persons resident in Australia, nominated by the National Council of the Australian Society of Certified Practising Accountants. (2) A person is not eligible for appointment as 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. (3) The Chairperson and each of the other members shall be appointed by the Minister on a part‑time basis.