Credit Review Act 2026
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Credit Reviewer | ||
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11. (1) The Service shall have a chief executive officer who shall be known as the “Credit Reviewer” (in this Act referred to as the “Credit Reviewer”). | ||
(2) Subject to subsection (4), the Minister shall appoint a person recruited in accordance with the Public Service Management (Recruitment and Appointments) Act 2004 to be the Credit Reviewer for the purposes of this Act. | ||
(3) An appointment under subsection (2) shall not be made unless the person who the Minister proposes to appoint possesses, in the opinion of the Minister, sufficient expertise in, or experience of, one or more of the following areas, namely, banking and financial services, the market for the provision of credit or the regulation of financial markets. | ||
(4) A person who, immediately before the establishment day, stood appointed as the Credit Reviewer for the purposes of the Guidelines shall, on the establishment day, become and be the Credit Reviewer for the purposes of this Act, subject to no less favourable terms and conditions as applied to the appointment, and shall continue as Credit Reviewer for the purposes of this Act for the remainder of the term of that appointment, unless he or she sooner dies, resigns from office or otherwise ceases to hold office. | ||
(5) The appointment of a person as Credit Reviewer shall be subject to such terms and conditions (including terms and conditions relating to remuneration, allowances and term of office) as the Minister, with the consent of the Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation, may determine. | ||
(6) The Credit Reviewer shall not, without the consent of the Minister, hold any other office or employment in respect of which remuneration is payable or carry on any business, trade or profession. | ||
(7) The Credit Reviewer shall be a member of staff of the Service. | ||
(8) The Credit Reviewer may resign from office by notice in writing given or sent to the Minister stating his or her intention to do so and the resignation shall take effect from— | ||
(a) a date that is not less than 3 months after the date of the notice, or | ||
(b) such other date as may be agreed with the Minister. |