(1) The Master:
(a) holds office on and from the day specified in the instrument of appointment; and
(b) holds office, subject to this Act:
(i) for such term (not exceeding 7 years) as is specified in the instrument of appointment, but is eligible for re - appointment; or
(ii) if the instrument of appointment so provides, until attaining 65 years of age.
(2) The Master ceases to hold office on attaining 65 years of age.