CTHIn ForceAct
Future Fund Act 2006
40Term of appointment and related matters for Board members
Start here
Get a plain-English read of 40
Turn the raw legal text into a practical explanation grounded in Future Fund Act 2006.
40 Term of appointment and related matters for Board members
(1) A Board member is to be appointed on a part‑time basis. (2) A Board member holds office for the period that is specified in the instrument of appointment. The period must not exceed 5 years.
Note: A Board member may be reappointed: see section 33AA of the Acts Interpretation Act 1901.