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Public Finance Management Act, 1999 (Act No. 1 of 1999)

Regulations

Regulations for Accounting Standards Board

3. Term of office

 

(1) All appointments after the enactment of these regulations must be for a term of three years.

 

(2) A retiring member may be re-appointed for one additional term.

 

(3) One third of the members determined by lot retire by rotation annually after the commencement of the second term.