(1)  There is to be a Board to be known as the Tasmanian Community Fund Board.

(2)  The Board is to consist of not more than 6 persons appointed by the Governor on the recommendation of the Treasurer.

(3)  One of the persons appointed under subsection (2) is to be appointed by the Governor, on the recommendation of the Treasurer, as chairperson.

(4)  At least one member of the Board must be a current or former officer of the Department.

(5)  The Treasurer, other than in respect of the initial appointment of persons to the Board, must not make a recommendation to the Governor under subsection (2) unless he or she has consulted with the Board.

(6)  Schedule 1 has effect with respect to the membership and meetings of the Board.