(1) The Board consists of the following members:
(a) a representative from each of the following agencies:
(i) the Department;
(ia) the Department administered by the Minister administering the VET Student Loans Act 2016 ;
(ii) the Department whose Minister administers the Public Governance, Performance and Accountability Act 2013 ;
(iii) the Department administered by the Immigration Minister;
(iv) the Australian Government Actuary;
(v) the Australian Prudential Regulation Authority;
(b) up to 7 other members.
Requirements for Board members appointed under paragraph (1)(b)
(2) A person is not eligible for appointment as a Board member under paragraph (1)(b) unless the Minister is satisfied that he or she has qualifications or experience that the Minister considers relevant to the performance of the Board's function.
(2A) In appointing a Board member under paragraph (1)(b), the Minister must ensure that the Board members appointed under that paragraph, as a group, have qualifications or experience relevant to the operations of providers from across the education and training sectors.
Chair and Deputy Chair
(3) The Minister must appoint, in writing, one of the Board members to be the Chair, and another Board member to be the Deputy Chair.