Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (103 of 2004)

Schedule 1   Audit Reform

Part 8   Companies Auditors and Liquidators Disciplinary Board

Australian Securities and Investments Commission Act 2001

137   After subsection 203(2)

Insert:

(2A) A person is eligible under this subsection for appointment as a business member if:

(a) the person is resident in Australia; and

(b) the Minister is satisfied that the person is suitable for the appointment as a representative of the business community because of the person's qualifications in, knowledge of or experience in one or more of the following fields:

(i) business or commerce;

(ii) the administration of companies;

(iii) financial markets;

(iv) financial products and financial services;

(v) economics;

(vi) law.