16Appointment of Board members

16 Appointment of Board members

(1) Board members are to be appointed: (a) by the responsible Ministers by written instrument; and (b) on a part‑time basis. (2) 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) banking and finance; (d) venture capital, private equity or investment by way of lending or provision of credit; (e) economics; (f) engineering; (g) energy technologies; (h) government funding programs or bodies; (i) the environmental sector; (j) financial accounting; (k) law. (3) The following persons are not eligible for appointment as a Board member: (a) an employee of the Commonwealth; (b) the holder of a full‑time office under a law of the Commonwealth.