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Financial and Fiscal Commission Act, 1997 (Act No. 99 of 1997)

Part 2 : Membership of Commission

8. 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]