(1)  Subject to regulations 12 , 13 , 14 and 15 , the Board may –

(a) appoint agents and attorneys; and

(b) act as an agent for other persons; and

(c) engage consultants; and

(d) appoint investment managers and custodians.

(2)  The Board may appoint as officers of the Board any persons it considers necessary for the purpose of enabling it to properly carry out its functions.

(3)  A person who is a member of a House of Parliament of the Commonwealth, or of a State or Territory of the Commonwealth, or a candidate for election as a member of any such House of Parliament, is disqualified from appointment as an officer of the Board and a person holding office as such an officer ceases to hold that office on becoming a candidate for such an election.

(4)  Schedule 2 has effect with respect to –

(a) the appointment and terms and conditions of employment of persons appointed under subregulation (2) ; and

(b) any officer who is a candidate for election as mentioned in subregulation (3) .

(5)  All costs incurred by the Board under this regulation are a charge against the Fund.