15Appointment of members

15 Appointment of members

(1) Members of the Board (including the Chair but not including the Secretary) are to be appointed by the Minister by written instrument.

Note: For reappointment, see section 33AA of the Acts Interpretation Act 1901.

(2) A member must be appointed on a part‑time basis. (3) An appointed member holds office for the period specified in his or her instrument of appointment. The period must not exceed 3 years. (4) A person is not eligible for appointment as a member unless the person has experience or expertise in one or more of the following fields: (a) banking and finance; (b) private equity or investment by way of lending or provision of credit; (c) economics; (d) infrastructure planning and financing; (e) engineering; (f) government funding programs or bodies; (g) financial accounting or auditing; (h) law; (i) economic development for Indigenous communities.