(1) The Regulator may, by instrument, appoint any of the following individuals as an authorised officer for the purposes of this Law—
(a) an individual who is—
(i) a member of the staff of the Regulator; or
(ii) a person whose services are being used under an arrangement under section 685; or
(iii) a consultant or contractor engaged by the Regulator under section 686 ;
(b) an employee of the State;
(c) an employee of a local government authority;
(d) an individual of a class prescribed by the national regulations.
(2) However, the Regulator may appoint a person as an authorised officer only if the Regulator is satisfied the person is qualified for appointment because the person has the necessary expertise or experience.