(1) Subject to sections 59 and 60, the Minister shall, as soon as practicable after the establishment day, establish an Appeals Panel and shall appoint at least 5 persons, other than members, or members of staff, of the Authority, to be members of the Panel.

(2) The Minister shall appoint one person under subsection (1) who is a practising barrister or practising solicitor to be the chairperson of the Appeals Panel.

(3) In making appointments under subsection (1), the Minister shall have regard to the desirability -

(a) that the members of the Appeals Panel possess knowledge of, and experience, qualifications, training or expertise in, matters specified in subsection (4), and

(b) of having at least 2 men and 2 women on the Panel.

(4) The matters referred to in subsection (3)(a) are matters connected with -

(a) legal or compliance functions in a regulated profession or industry,

(b) gambling activities,

(c) consumer affairs,