Fair Work Amendment Act 2012 (174 of 2012)

Schedule 2   Expert Panel

Fair Work Act 2009

43   Subsection 620(1)

Repeal the subsection, substitute:

Constitution of an Expert Panel for annual wage reviews

(1) An Expert Panel constituted under this section for the purpose of an annual wage review conducted under Part 2-6 consists of 7 FWC Members (except as provided by section 622), and must include:

(a) the President; and

(b) 3 Expert Panel Members who have knowledge of, or experience in, one or more of the following fields:

(i) workplace relations;

(ii) economics;

(iii) social policy;

(iv) business, industry or commerce.

Constitution of an Expert Panel for Default Superannuation List

(1A) An Expert Panel constituted under this section for the purpose of determining the Default Superannuation List for a 4 yearly review under Division 4A of Part 2-3 consists of 7 FWC Members (except as provided by section 622), and must include:

(a) the President, or a Vice President or Deputy President appointed by the President to be the Chair of the Panel; and

(b) 3 Expert Panel Members who have knowledge of, or experience in, one or more of the following fields:

(i) finance;

(ii) investment management;

(iii) superannuation.