70Stakeholder Panel

70  Stakeholder Panel

 (1) The Board must establish, in writing, a Stakeholder Panel.

 (2) The Stakeholder Panel’s function is to, at the direction of the Board, give advice and information to the Board.

 (3) The Stakeholder Panel consists of such persons as the Board from time to time appoints under subsection (4). In appointing members to the Stakeholder Panel, the Board is to have regard to ensuring an appropriate balance of skills, knowledge or expertise in fields related to the functions of the Authority.

 (4) Each member of the Stakeholder Panel is to be appointed by the Board by written instrument, and holds office for the period specified in the instrument.

Note 1: A member may be reappointed (see section 33AA of the Acts Interpretation Act 1901).

Note 2: An appointment may be revoked (see subsection 33(3) of the Acts Interpretation Act 1901).

 (5) An appointment to the Stakeholder Panel is not a public office within the meaning of the Remuneration Tribunal Act 1973.

 (6) The Board must determine, in writing, the terms and conditions of appointment of the members of the Stakeholder Panel.

 (7) The Board must, in writing, determine:

 (a) the Stakeholder Panel’s terms of reference; and

 (b) the procedures to be followed by the Stakeholder Panel; and

 (c) after consulting the Stakeholder Panel, particular matters in relation to which advice or information is to be given to the Board as mentioned in subsection (2).

 (8) In providing advice or information to the Board, the Stakeholder Panel must have regard to the object of this Act.

 (9) The Board is not obliged to accept, or act on, any advice or information given to the Board by the Stakeholder Panel.