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AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY ACT 1998No. 50, 1998 - SECT 27
Appointment and period of appointment
Ordinary members
(1) The ordinary members are to be appointed by the Treasurer by written
instrument.
Note: The Chair is one of the ordinary members and is appointed
by the Treasurer as the Chair.
(2) The ordinary members hold office on a part-time basis, for the period
specified in the instrument of appointment. The period must not exceed 5
years. Representative members
(3) The Reserve Bank representative members are to be appointed by the
Governor of the Reserve Bank by instrument in writing.
Note: The Governor of
the Reserve Bank may appoint himself or herself.
(4) The ASIC representative member is to be appointed by the Chairperson of
ASIC by instrument in writing.
Note: The Chairperson of ASIC may appoint
himself or herself.
(5) The representative members hold office on a part-time basis.
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