National Treasury Management Agency (Amendment) Act, 2000

Policy Committee.

12.—(1) The Minister shall establish a committee (which is referred to in this Act as “the Policy Committee”) to advise the Agency on policy and procedures relating to the performance of the functions delegated to, or conferred on, it by or under this Part.

(2) The Policy Committee shall consist of a chairperson and 6 other members appointed by the Minister.

(3) Subject to subsections (1) and (2), the provisions of the Second Schedule to the Principal Act shall, with any necessary modifications, have effect with respect to the Policy Committee as they have effect with respect to the Committee.

(4) The Minister shall appoint a person to be a member of the Policy Committee only if he or she has substantial expertise and experience at a senior level in any of the following—

(a) the management of legal claims,

(b) litigation under the law relating to civil liability,

(c) insurance other than life assurance,

(d) risk management,

(e) actuarial matters,

(f) accountancy and auditing,

(g) the public service,

(h) trade union matters,

(i) consumer protection.