(1)

The Contributions Review Panel is established.

Membership of the Panel

(2)

The Panel consists of 10 people appointed by the Minister.

(3)

One of the people appointed must be appointed as the Chair of the Panel.

(4)

All of the members must have qualifications and experience that the Minister considers to be relevant to the performance of the Panel's functions.

(5)

At least 5 of the members must be people who, in the Minister's opinion, represent the interests of providers who are liable to pay annual Fund contributions.

(5A)

Also, at least 4 of those members mentioned in subsection (5) must be people who, in the Minister's opinion, represent the interests of providers who are members of tuition assurance schemes.

Regulations about membership

(6)

The regulations may prescribe different numbers of members for the purposes of subsections (2) and (5) but only:

(a)

after the initial appointment of the Panel is complete; and

(b)

after the Minister has consulted representatives of providers about the proposed regulations.

(7)

Such regulations apply only in relation to appointments made after the regulations take effect. They do not affect:

(a)

the validity of the composition of the Panel as at the time when the regulations take effect; or

(b)

the tenure of a person who is a member of the Panel when the regulations take effect.