(1) The Minister shall, as soon as he or she considers it appropriate in the circumstances, appoint a person (referred to in this Act as the "Assessor") to determine, in accordance with this Act, the fair and reasonable aggregate value of the transferred shares and the extinguished rights and the consequent amount of compensation, if any, payable to persons in respect of those shares and those rights.
(2) In deciding whether it is an appropriate time to appoint the Assessor, the Minister shall have regard to the public interest.
(3) In appointing a person as the Assessor, the Minister shall ensure that the person has, in the Minister's opinion, significant knowledge or experience of the financial services sector.
(4) The Minister may not appoint a person as the Assessor unless the Minister is satisfied that the person would, if appointed, have no conflict of a material nature between any personal or business interests and the performance of the Assessor's functions.
(5) A person is not
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