66General provisions for appointments

66 General provisions for appointments

66 General provisions for appointments

(1) A person or body may be appointed under this Part only if the appointor is satisfied that the person or body—

(a) is fit and proper, and

(b) has the necessary qualifications and experience.

(2) Subsection (1) does not apply to the appointment of the following—

(a) the AER,

(b) AEMO,

(c) the Tribunal,

(d) the Energy Corporation.

(3) A person or body is appointed under this Part—

(a) for the term specified in the instrument of appointment, if any, and

(b) subject to the terms and conditions specified in the instrument of appointment and prescribed by the regulations.

(4) A person or body appointed under this Part is entitled to be paid by the scheme financial vehicle the amount determined from time to time by the appointor in accordance with the regulations for the exercise of functions under this Act.

(5) The regulations may make further provision for or with respect to the following—

(a) the appointment of persons or bodies under this Part,

(b) the circumstances in which a person or body is not considered fit and proper,

(c) the necessary qualifications and experience for appointment,

(d) limitations on the functions of a person or body appointed under this Part,

(e) the amounts determined as payment for the exercise of functions by a person or body appointed under this Part.