Financial and Fiscal Commission Act, 1997 (Act No. 99 of 1997)Part 2 : Membership of Commission8. Term of office |
| (1) | Members of the Commission are appointed for a term of office not exceeding five years. |
| (2) | The appointment basis of— |
| (a) | the Chairperson of the Commission is full-time; and |
| (b) | other members of the Commission are part-time. |
| (3) | When the term contemplated in subsection (1) expires, a member may, subject to subsection (4), be reappointed in accordance with section 5. |
| (4) | A person may not hold office as a member of the Commission for a period of more than 10 consecutive years. |
| (5) | Despite subsection (1), a member of the Commission who immediately before the commencement of section 6 of the Financial and Fiscal Commission Amendment Act, 2015, was appointed on a full-time basis continues to serve on a full-time basis until that member’s term expires. |
[Section 8 substituted by section 6 of Act No. 4 of 2015]