Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Members of the Board (including the Chair but not including the Secretary) are to be appointed by the Minister by written instrument.
Note: For reappointment, see section 33AA of the Acts Interpretation Act 1901 .
(2) A member must be appointed on a part - time basis.
(3) An appointed member holds office for the period specified in his or her instrument of appointment. The period must not exceed 3 years.
(4) A person is not eligible for appointment as a member unless the person has experience or expertise in one or more of the following fields:
(a) banking and finance;
(b) private equity or investment by way of lending or provision of credit;
(c) economics;
(d) infrastructure planning and financing;
(e) engineering;
(f) government funding programs or bodies;
(g) financial accounting or auditing;
(h) law;
(i) economic development for Indigenous communities.