South Australian Numbered Acts South Australian Numbered Acts7—Amendment of section 18B—Membership of the Board
(1) Section
18B—delete "one" wherever occurring and substitute:
1
(2) Section
18B(1)—delete "five or six" and substitute:
not less than 5 and not more than 7
(3) Section
18B(1)(b)—delete paragraph (b) and substitute:
(b) the
remaining members are persons appointed by the Governor.
(4) Section
18B—after subsection (1) insert:
(1a) Of the persons
appointed by the Governor (the "appointed members )—
(a) at
least 1 must be employed by a semi-government authority; and
(b) at
least 1 must have expertise in insurance (demonstrated by relevant
qualifications or relevant experience at a senior level in the public or
private sector).
(5) Section
18B(4)—delete subsection (4) and substitute:
(4) An appointed
member is appointed for the term (which must not exceed 3 years) stated in the
instrument of appointment and, at the end of the term of appointment, is
eligible for re-appointment.
(6) Section
18B(7)—delete "if the number of members of the Board is less than five
or if there is no member of the Board employed by a semi-government authority"
and substitute:
if—
(a) the
number of members of the Board is less than 5; or
(b)
there is no appointed member of the Board employed by a semi-government
authority; or
(c)
there is no appointed member of the Board with expertise in insurance