South Australian Consolidated Regulations South Australian Consolidated Regulations (1) The Minister may
establish a committee of the board (to be called the Investment Committee).
(2) The committee is
to consist of not more than four persons, appointed by the Minister on the
recommendation of the board, who have, in the opinion of the board,
appropriate expertise in bioscience, finance, law or business.
(3) The board must
appoint a member to chair meetings of the committee.
(4) On the office of a
member becoming vacant, the Minister may appoint a person to the vacant
office.
(5) Each member
present at a meeting of the committee has one vote on a question arising for
decision and, if the votes are equal, the member presiding at the meeting may
exercise a casting vote.
(6) The function of
the committee is to advise the board in relation to technical and financial
matters relating to funding grants to be made by the subsidiary.