Part 2 s 31 (3) Crown Entities Act 2004 (f) a member of Parliament: (g) a person who is disqualified under another Act. Version as at 1 July 2024 However, subsection (2)(f) does not disqualify a person who is elected (rather than appointed) to office as a member under any other Act. Section 30(2)(b): substituted, on 25 October 2006, by section 25 of the Securities Amendment Act 2006 (2006 No 46). Section 30(2)(b): amended, on 1 December 2014, by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70). 31 Requirements before appointment (1) Before a person is appointed as a member of a statutory entity, the person must— (a) consent in writing to being a member; and (b) certify that he or she is not disqualified from being a member; and (c) disclose to the responsible Minister the nature and extent (including monetary value, if quantifiable) of all interests that the person has at that time, or is likely to have, in matters relating to the statutory entity. (2) The board of the entity must notify the responsible Minister of a failure to comply with subsection (1)(c) as soon as practicable after becoming aware of the failure. 32 Term of office of members (1) A member of a statutory entity holds office for— (a) 3 years or any shorter period stated in the notice of appointment, in the case of a member of a Crown agent or autonomous Crown entity; or (b) 5 years or any shorter period stated in the notice of appointment, in the case of a member of an independent Crown entity. (2) A member may be reappointed. (3) A member continues in office despite the expiry of his or her term of office until— (a) the member is reappointed; or (b) the member’s successor is appointed; or (c) the appointor informs the member by written notice (with a copy to the entity) that the member is not to be reappointed and no successor is to be appointed at that time. (4) This section is subject to section 45. 33 Elected, co-opted, etc, members (1) Sections 28, 29, 31(1)(a) and (b), and 32 do not apply to a member of a statutory entity who is appointed under the entity’s Act by election, co-option, 28