7Membership of Corporation

7 Membership of Corporation

(1) The Corporation shall consist of five members, namely: (a) a Chairman; (b) a Deputy Chairman; and (c) three other members. (2) The members shall be appointed by the Governor‑General. (3) The members referred to in paragraph (c) of subsection (1) of this section shall be appointed as part‑time members. (4) The appointment of a person as a member takes effect on such date as is specified in the instrument of appointment. (5) The Chairman and the Deputy Chairman are entitled to retire at any time after attaining the age of 55 years. (6) Subject to this Act, the Chairman and the Deputy Chairman hold office for such respective periods, not exceeding seven years, as are fixed by the Governor‑General at the time of their appointments, but are eligible for re‑appointment. (7) A person who has attained the age of sixty‑five years shall not be appointed as Chairman or Deputy Chairman. (8) Subject to this Act, a part‑time member holds office for such period, not exceeding three years, as is fixed by the Governor‑General at the time of his appointment, but is eligible for re‑appointment. (9) A person shall not be appointed as a member for a period that extends beyond the date on which he will attain the age of seventy years. (10) A member holds office on such terms and conditions (if any) in relation to matters not provided for by this Act as are determined, in writing, by the Governor‑General. (11) The exercise of a power or the performance of a function by the Corporation is not invalidated by reason only of there being a vacancy or vacancies in the membership of the Corporation.