Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Board consists of the following members:
(a) the Chairperson;
(b) the Deputy Chairperson;
(c) the Managing Director;
(e) the government member;
(f) as many other members, not fewer than 2 nor more than 5, as the Minister determines in writing to be appropriate.
(2) The members of the Board, other than the Managing Director of EFIC, are appointed by the Minister.
(3) Appointed members are to be appointed on a part - time basis.
(4) The exercise of a power, or the performance of a function, of the Board is not affected merely because of a vacancy or vacancies in the membership of the Board or because the number of appointed members referred to in paragraph (1)(f) falls below 2 for not longer than 6 months.