(1) A person who is a member of the Parliament of Victoria or of the Commonwealth or of any other State or Territory must not be a member of the Council.
(2) A person is ineligible to be a member of the Council if the person—
(a) is or becomes disqualified from managing corporations under Part 2D.6 of the Corporations Act; or
(b) is, or has been, convicted or found guilty of an indictable offence or an offence that, if committed in Victoria, would be an indictable offence.