Commonwealth Numbered Acts Commonwealth Numbered Acts(1) Board members are to be appointed:
(a) by the responsible Ministers by written instrument; and
(b) on a part-time basis.
(2) A person is not eligible for appointment as a Board member unless the responsible Ministers are satisfied that the person has:
(a) substantial experience or expertise; and
(b) professional credibility and significant standing;
in at least one of the following fields:
(c) banking and finance;
(d) venture capital, private equity or investment by way of lending or provision of credit;
(e) economics;
(f) engineering;
(g) energy technologies;
(h) government funding programs or bodies;
(i) the environmental sector;
(j) financial accounting;
(k) law.
(3) The following persons are not eligible for appointment as a Board member:
(a) an employee of the Commonwealth;
(b) the holder of a full-time office under a law of the Commonwealth.