(1) Subject to subsection (3), a member shall hold office for such term, not exceeding 4 years from the date of his or her appointment, as the Minister determines.

(2) A member of the Board shall hold office until his or her term of office expires, unless he or she ceases to be a member under any other provision of this Part.

(3) The Minister shall ensure that, of the members of the Board first constituted under this section -

(a) 4 members are appointed for a term of office of 3 years from the date of appointment,

(b) 3 members are appointed for a term of office of 4 years from the date of appointment, and

(c) the member who is first appointed chairperson is appointed for a term of office of 4 years from the date of appointment.

(4) The chairperson shall hold office as chairperson for 4 years or until the end of his or her term of office as a member of the Board, whichever is the earlier.

(5) Subject to subsection (6), a member of the Board whose term of office expires or is due to expire by the effluxion of time may be reappointed to the Board under this subsection -