20AObservers

20A Observers

Role of observers (1) A person appointed under this section (an observer): (a) is entitled to receive notice of meetings of the Corporation; and (b) may attend any meeting of the Corporation and take such part in the proceedings, not including voting, as the observer thinks fit; and (c) may report to the Minister on any matter relating to the cyclone reinsurance scheme; and (d) if the Minister requests a report on such a matter, must report to the Minister on that matter. Appointment of observers (2) The Minister may, by written instrument, appoint a representative of APRA or of the Australian Government Actuary to be an observer, on a part‑time basis. At most 2 persons may hold office as observers at the same time, of whom: (a) at most one may be a representative of APRA; and (b) at most one may be a representative of the Australian Government Actuary. (3) A person is not eligible to be appointed as an observer unless the Minister is satisfied that the person has qualifications or experience that the Minister considers relevant to the performance of the Corporation’s functions. (4) An observer holds office for the period specified in the instrument of appointment. The period must not exceed 2 years.

Note: An observer may be reappointed: see section 33AA of the Acts Interpretation Act 1901.

(5) The Minister may at any time terminate the appointment of an observer. Terms and conditions (6) The Minister may grant leave of absence to an observer on the terms and conditions that the Minister determines. (7) An observer may resign by giving the Minister a written resignation. The resignation takes effect on the day it is received by the Minister or, if a later day is specified in the resignation, on that later day.