AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 236B Appointment of members of the AASB
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION ACT 2001 - SECT 236B
Appointment of members of the AASB(1) The Minister appoints the Chair of the AASB.
(2) The FRC appoints the other members of the AASB. The AASB may appoint one of its members to be Deputy Chair of the AASB.
(3) A person must not be appointed as a member of the AASB unless their knowledge of, or experience in, business, accounting, law, government, science, sustainability or climate change qualifies them for the appointment.
(4) An appointment under subsection (1) or (2) is to be made in writing.
(5) The appointment document must specify the period of the
appointment (not exceeding 5 years). A member holds office for the period
specified in the appointment document and is eligible for re - appointment.