64MTerm of scheme coordinator agreement

64M Term of scheme coordinator agreement (1) The scheme coordinator agreement must not be for longer than 7 years. (2) The Minister may, with the agreement of the scheme coordinator, extend the agreement for a further period of not longer than 3 years. (3) The agreement must not be extended more than twice. Example The scheme coordinator agreement had an initial term of 7 years. The agreement was then extended for a further period of 3 years. The agreement may be extended for another 3 years so that the total term of the agreement is not longer than 13 years.