5
CurrentApproval of board members
5 Approval of board members
The Minister may refuse to approve a person under section 47V(3)(a)(iv) or (e)(iv) of the Act only if the Minister is satisfied that —
(a)
the person is not a fit and proper person to be a director of the Coordinator; or
(b)
the person is biased or could be perceived to be biased in favour of or against any scheme participant; or
(c)
the person does not have adequate relevant experience to be a director and, in the case of an approval under section 47V(3)(a)(iv) of the Act, the chair of the Coordinator; or
(d)
the appointment of the person would not support the achievement of the objects of Part 5A of the Act.
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