16
CurrentAppointment of APRA members
Part 3APRA membership and other corporate matters
Division 1Membership
16 Appointment of APRA members
(1)
APRA is to consist of not fewer than 3 members nor more than 5 members.
(2)
The APRA members are to be appointed by the Governor‑General by written instrument.
(3)
At least 3 of the APRA members must be appointed as full‑time members, and each of the other APRA members (if any) may be appointed as a full‑time or part‑time member.
(4)
The performance of APRA’s functions or the exercise of APRA’s powers is not affected by reason only that:
(a)
there are fewer than 3 APRA members; or
(b)
there are fewer than 3 full‑time APRA members.
This Act’s bill:Explanatory memorandumSecond reading speech
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