(1) The Board shall consist of a chairperson and 10 ordinary members, all of whom are to be appointed by the Minister from persons who, in his or her opinion, have knowledge of, or experience relating to, matters that appear to the Minister to be relevant to the Board's functions.
(2) A person who, until the dissolution of the former Board, held office as the chairperson or an ordinary member of that Board is eligible on the first occasion on which appointments are made under this section to be appointed as the chairperson or an ordinary member, as the case may be, of the Dormant Accounts Board.
(3) Not fewer than 4 of the 10 ordinary members appointed under this section are to be persons who -
(a) in the Minister's opinion, have knowledge of, and experience relating to, the purposes for which disbursements may be made under section 41, and
(b) are appointed following consideration by the Minister of any submissions received in response to a published notice indicating that appoin