Paul Scarr (Queensland, Liberal Party) Share this | Hansard source

Correct—for five years. And it will be managing investments of up to A$15 billion. Minister, you keep referring to what you call a skills matrix for the board, which is contained in proposed section 19(2) of the bill. Can you tell me: given all the matters that are covered in proposed subsubsections (a) to (k), why is it necessary to have proposed subsubsection (l), which says 'any other field that the ministers consider appropriate', which, as I read it, really gives the ministers a right to appoint anyone they want to the board, regardless of what their experience is, as long as they subjectively consider it to be relevant?