(1) The Commissioners of Charitable Funds established as a body corporate under the repealed Act continues in existence as the Health Services Charitable Gifts Board .
(2) The Board—
(a) is a body corporate; and
(b) has perpetual succession and a common seal; and
(c) is capable of suing and being sued; and
(d) has all the powers of a natural person that are capable of being exercised by a body corporate; and
(e) has the functions and powers assigned or conferred by or under this or any other Act.
(3) The Board consists of 3 members (the "Commissioners") nominated by the Minister and appointed by the Governor of whom—
(a) 1 must have legal expertise and experience deemed suitable by the Minister; and
(b) 2 must have expertise in the area of trusts or financial management, or other expertise, knowledge or experience deemed suitable by the Minister.
(4) A Commissioner will hold office for a period of 3 years on conditions approved by the Governor.
(5) A Commissioner is eligible for re-appointment to the Board at the expiration of a term of office.