Takeovers Act 1993

Takeovers Panel

6: Membership of Panel

You could also call this:

"Who Can Be On The Takeovers Panel"

The Takeovers Panel must have between 5 and 11 members. You need to know that one member is appointed as the chairperson and another as the deputy chairperson by the Governor-General. The chairperson and deputy chairperson can only be removed from their roles for a good reason. The Panel must have at least one member who is a barrister, solicitor, or both, with at least 7 years of practice in the High Court. The Minister must think you are qualified or experienced in business, accounting, or law before recommending you for the Panel. This does not limit what is said in section 29 of the Crown Entities Act 2004. The Governor-General appoints the chairperson and deputy chairperson on the recommendation of the Minister, despite what is said in clause 1(2) of Schedule 5 of the Crown Entities Act 2004. The Minister recommends people for the Panel based on their qualifications or experience. You can find more information about this in the relevant laws.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM325584.

This page was last updated on 12 December 2025 — View changes

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5: Establishment of Takeovers Panel, or

"Setting up a group to make decisions about takeovers"

7: Associate members, or

"What are associate members in the Takeovers Act?"

Part 1Takeovers Panel

6Membership of Panel

The Panel shall consist of not less than 5 and not more than 11 members.
Despite clause 1(2) of Schedule 5 of the Crown Entities Act 2004, 1 member must be appointed by the Governor-General, on the recommendation of the Minister, as chairperson of the Panel, and another must be appointed by the Governor-General, on the recommendation of the Minister, as deputy chairperson of the Panel.
The chairperson and any deputy chairperson of the Panel may only be removed from office as chairperson or deputy chairperson for just cause.
At least 1 member of the Panel must be a barrister, a solicitor, or a barrister and solicitor of the High Court of not less than 7 years' practice.
The Minister must not recommend a person for appointment as a member of the Panel unless, in the opinion of the Minister, that person is qualified or experienced in business, accounting, or law.
Subsection (4) does not limit section 29 of the Crown Entities Act 2004.

Notes

Section 6(1): amended, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).
Section 6(1): amended, on 1 December 2002, by section 6(1) of the Takeovers Amendment Act 2002 (2002 No 45).
Section 6(2): replaced, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).
Section 6(2A): inserted, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).
Section 6(3): amended, on 1 December 2002, by section 6(2) of the Takeovers Amendment Act 2002 (2002 No 45).
Section 6(4): replaced, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).
Section 6(5): inserted, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).