Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Minister may, by notifiable instrument, appoint such committees as the Minister considers necessary for providing advice to the Board on matters relating to the operation of this Act, the Pooled Development Funds Act 1992 or the Venture Capital Act 2002 .
(1A) In addition to providing advice to the Board as mentioned in subsection (1), a committee may exercise any functions or powers delegated to it by the Board under subsection 21(1).
(2) A committee shall consist of not more than 7 members (who may include a member or members of the Board) who shall be appointed by the Minister in accordance with subsections (2A), (2B), (2BA) and (2C) and shall hold office, for the periods for which they are appointed, during the pleasure of the Minister.
(2A) A member of a committee is to be appointed for a particular period, not exceeding 3 years, determined by the Minister.
(2B) A person must not be appointed as a member of a committee if the person has, at any time before that appointment, served 2 consecutive terms as a member of the committee (whether or not either or both of those terms commenced or ended before the commencement of this subsection).
(2BA) Despite subsection (2B), a person may be appointed as a member of a committee for no more than 2 further consecutive terms if:
(a) during the previous 2 consecutive terms the person was not the Chairperson of the committee; and
(b) the person will be the Chairperson of the committee in those further terms.
(2C) Before the Minister appoints a person as a member of a committee for a particular period, the Minister must be satisfied that appointing the member for that period would be appropriate, having regard to the desirability of ensuring, if practicable, that the periods for which the committee members are appointed do not all end at the same time.
(3) The Minister may appoint a member of a committee to be the Chairperson of the committee.
(4) Where the Minister notifies a committee that he or she does not propose to appoint a Chairperson of the committee under subsection (3), the committee shall elect a member of the committee to be the Chairperson of the committee.
(5) A member of a committee shall hold office on such terms and conditions (if any) in respect of matters not provided for by this Act as are determined by the Minister.
(6) A member of a committee may resign by writing signed by the member and delivered to the Minister.
(7) The Board may refer to a committee for advice any matter relating to the operation of this Act, the Pooled Development Funds Act 1992 or the Venture Capital Act 2002 .
(8) A committee shall cause minutes of its meetings to be kept.