(1) A member of the
Board will be paid the allowances and expenses determined by the Remuneration
Tribunal.
(2) Jurisdiction is,
by force of this section, conferred on the Remuneration Tribunal to make a
determination or perform any other functions required by this section.
(3) The Remuneration
Tribunal may make different provision according to the member of the Board or
the circumstances to which the determination is to apply and may vary an
amount payable according to any other factor that the Remuneration Tribunal
considers relevant.
(4) The Remuneration
Tribunal must, at least once in each prescribed period, review the allowances
and expenses referred to in subsection (1) and may, if it considers it
appropriate to do so, determine to increase any such amount payable by a
specified amount.
(5) The regulations
may make further provision in relation to a determination of the Remuneration
Tribunal for the purposes of this Act.