(1) A member of the Trust—
(a) is appointed for a term, not exceeding 3 years, specified in the member's instrument of appointment; and
(b) is eligible for reappointment; and
(c) is otherwise subject to the terms and conditions specified in the instrument of appointment.
(2) A member of the Trust is entitled to receive any remuneration, fees or allowances that are fixed from time to time for that member by the Minister, other than a member who is a member of the Legislative Assembly or the Legislative Council.