8
CurrentTerm of office
Part 2Economic Regulation Authority
8 Term of office
(1)
The term for which a person is appointed to be a member must be fixed in the instrument of appointment and must be not more than 5 years.
(2)
A person’s eligibility for reappointment or the term for which a person may be reappointed is not affected by an earlier appointment.
(3)
A person whose term of office expires may continue to perform the functions of the office for not more than 3 months after the term of office expires until another appointment to the office comes into effect unless the Minister, by notice in writing given to the person, otherwise directs.
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