Commonwealth Consolidated Acts

AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 236F

Appointment of Chair

  (1)   The Minister appoints the Chair of the AUASB.

Appointment of other members

  (2)   The FRC appoints the other members of the AUASB.

  (3)   The AUASB may appoint one of its members to be Deputy Chair of the Board.

Qualification for appointment

  (4)   A person must not be appointed as a member of the AUASB unless their knowledge of, or experience in, business, accounting, auditing, law, government, science, sustainability or climate change qualifies them for the appointment.

Appointment document

  (5)   An appointment under subsection   (1) or (2) is to be made in writing.

Period of appointment

  (6)   The appointment document must specify the period of the appointment (not exceeding 5 years).

  (7)   A member holds office for the period specified in the appointment document and is eligible for re - appointment.