Screening of Third Country Transactions Act 2023

PART 4

The Advisory Panel

Establishment and function of advisory panel

39. (1) As soon as may be after the commencement of this section, the Minister shall establish a panel (in this Act referred to as the “advisory panel”) to advise the Minister on transactions reviewed under this Act and to perform the functions conferred on it by this Act.

(2) The advisory panel shall consist of a chairperson and no fewer than 7 ordinary members, each of whom shall be appointed by the Minister to be a member of the advisory panel in accordance with section 40 .

(3) The function of the advisory panel is to provide the Minister with advice and information in relation to transactions that the Minister reviews under this Act.

(4) The advisory panel may, with the consent of the Minister, request that persons provide it with assistance, including by means of providing expert evidence, in carrying out its functions under this Act.

(5) The Minister may at any time—

(a) remove a member of the advisory panel from the advisory panel for stated reasons, or

(b) dissolve the advisory panel.