(1) The Minister appoints the Chair of the AUASB.
(2) The FRC appoints the other members of the AUASB.
(3) The AUASB may appoint one of its members to be Deputy Chair of the Board.
(4) A person must not be appointed as a member of the AUASB unless their knowledge of, or experience in, business, accounting, auditing, law, government, science, sustainability or climate change qualifies them for the appointment.
(5) An appointment under subsection (1) or (2) is to be made in writing.
(6) The appointment document must specify the period of the appointment (not exceeding 5 years).
(7) A member holds office for the period specified in the
appointment document and is eligible for re - appointment.