The current criteria for recommendations set out at clause 28, as my learned colleague Andrew Bayly has highlighted, do highlight lots of things that would disqualify someone from the role in huge detail—undischarged bankrupts, dishonesty offences, people who are directors or employees of regulated entities—but are quite vague on what skills they are required to have. It is our view that in exercising the functions of the Reserve Bank, board members will need to have technical competence, not just governance skill. 