(1)  The Minister may appoint a person, other than a member of the Authority, as chief executive officer of the Authority.

(2)  The chief executive officer is entitled to be paid the remuneration and allowances specified in his or her instrument of appointment.

(3)  The chief executive officer holds office for a term of not more than 5 years on the terms and conditions specified in his or her instrument of appointment and may be reappointed.