(1) There is to be a Parliamentary Budget Officer for Victoria.
(2) The Parliamentary Budget Officer is to be appointed by the Governor in Council on the advice of the Minister.
(3) The Minister must not advise the Governor in Council to appoint a particular person as the Parliamentary Budget Officer unless the Parliamentary Committee has given the Minister a recommendation that the person be appointed as the Parliamentary Budget Officer.
(4) A recommendation under subsection (3)—
(a) must be in writing; and
(b) may specify the terms and conditions that the Parliamentary Committee recommends should apply to the appointment to which the recommendation relates.
(5) The Parliamentary Budget Officer holds office, subject to this Division, on the terms and conditions determined by the Governor in Council.
(6) A person is not eligible to be appointed or reappointed as the Parliamentary Budget Officer if the person previously held that office for more than 5 years.