5Membership of Commission

### 5 Membership of Commission > > (1)  [*\[Section 5 Subsection (1) substituted by No. 37 of 2016, s. 4, Applied:07 Oct 2016\]*](/view/html/inforce/2016-10-07/act-2016-037#GS4@EN) The Commission consists of 5 Commissioners appointed by the Minister of whom – > > > > > > (a) one is a person appointed as the chairperson of the Commission; and > > > > > > > (b) one is the Director; and > > > > > > > (c) one is a person with substantial experience and expertise in financial management; and > > > > > > > (d) one is a person with experience in business or government operations; and > > > > > > > (e) one is a person nominated by the Law Society. > > > (2)  A person is not eligible for appointment as the chairperson of the Commission unless the person is – > > > > > > (a) a former judge or a former magistrate; or > > > > > > > (b) [*\[Section 5 Subsection (2) amended by No. 36 of 2017, s. 11, Applied:19 Sep 2017\]*](/view/html/inforce/2017-09-19/act-2017-036#GS11@EN) an Australian lawyer of at least 5 years' standing as an Australian legal practitioner. > > > (3)  [Schedule 1](#JS1@EN) has effect with respect to the membership of the Commission. > > > (4)  [Schedule 2](#JS2@EN) has effect with respect to the meetings of the Commission.