GOVERNANCE OF AUSTRALIAN GOVERNMENT SUPERANNUATION SCHEMES ACT 2011 - SECT 12 Appointment of directors

GOVERNANCE OF AUSTRALIAN GOVERNMENT SUPERANNUATION SCHEMES ACT 2011 - SECT 12

  (1)   A director is to be appointed by the Minister by written instrument, on a part - time basis.

Note:   A director is eligible for reappointment: see the Acts Interpretation Act 1901 .

  (2)   A person is not eligible for appointment as a director if the person's appointment would result in a contravention of a SIS fitness and propriety standard.

  (3)   In the case of a director who has been nominated by the President of the Australian Council of Trade Unions or the Chief of the Defence Force, the Minister must:

  (a)   appoint a person who has been nominated; and

  (b)   appoint the person for the period specified in the nomination.

  (4)   In the case of any other director, the Minister must consult the Defence Minister before making an appointment.

  (5)   The Minister must obtain the Board's agreement to a person whom the Minister proposes to appoint as the Chair (other than for the appointment of a person as the first Chair).

Note:   For obtaining the Board's agreement, see section   23.

  (6)   A person's appointment as a director is not invalid because of a defect or irregularity in connection with the person's appointment.