(1) A primary Compliance Officer or secondary Compliance Officer holds office for the period not exceeding 5 years as is specified in the instrument of appointment.
(2) A primary Compliance Officer or secondary Compliance Officer—
(a) is appointed on a sessional basis; and
(b) is not eligible for re-appointment; and
(c) is entitled to be paid the prescribed remuneration; and
(d) subject to this Act, is appointed on the terms and conditions that are specified in the instrument of appointment.
(3) The remuneration of a primary Compliance Officer or secondary Compliance Officer cannot be reduced during their term of office unless they consent to the reduction.
(4) The Public Administration Act 2004 does not apply to a primary Compliance Officer or secondary Compliance Officer in respect of the office of primary Compliance Officer or secondary Compliance Officer.