Commonwealth Consolidated Acts

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FINANCIAL REGULATOR ASSESSMENT AUTHORITY ACT 2021 - SECT 24

Appointment

  (1)   Members are to be appointed by the Minister by written instrument.

Note:   A Member may be reappointed, subject to subsection   25(2): see section   33AA of the Acts Interpretation Act 1901 .

  (2)   Before appointing a person as a member, the Minister must have regard to the person's experience, expertise and qualifications in fields relevant to the Authority's functions.

  (3)   In making appointments, the Minister must, to the extent reasonably practicable, ensure that the members collectively possess the skills and qualifications necessary for the Authority to perform its functions.

  (4)   The Minister must appoint one member to be the Chair.

  (5)   A member holds office on a part - time basis.



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