48 (2) (a) to formulate, monitor and review the telecommunications policy, for approval by Cabinet; (b) torecommend to Government policies in the area of legislation, fiscal incentives, investment promotion, rural development, education, health and other areas affecting or affected by telecommunications; (c) (d) to promote Fiji as a regional telecommunications hub; and to ensure that Fiji is represented in regional and international organisations, agreements obligations. (a) and The Minister shall review telecommunications policies at least every 3 years and the review shall— (6) (c} (d) assess progress in achieving the objectives in section 3 since the previous telecommunications policy, including by comparison to other countries; identify impediments to such progress; recommend policies to address such impediments and improve such progress, having due regard to the need to preserve the value of investment and to minimize uncertainty in the investment environment; and recommend legislation, if required, to implement such policies. (3) In preparing the telecommunications policy, the Minister shall consult with the Authority and the Commerce Commission, and shall] hold consultations with users and licensees. (4) The Minister may not hold any direct or indirect financial interest in, or exercise any management control over, a licensee under this Promulgation, except for— (a) Government holding shares in a licensee under this Promulgation so long as the Minister is not responsible for exercising rights under such shares; and {b) indirect interests managed through investment and pension funds where the Minister cannot influence, purchase, sale or exercise of voting rights of such an interest. Division 2 — Telecommunications Authority of Fiji Establishment of the Authority 5. This section establishes the Telecommunications Authority of Fiji, as a body corporate with perpetual succession and a common seal, and the Authority may— (a) sue and be sued; (6) enter into contracts and other legal obligations; (c) hold or dispose of properties; and (d) perform any such acts as bodies corporate may, by law perform. 6.—(1) Board of the Authority This section establishes the Board of the Authority consisting of the following members to be appointed by the Minister— (a) a Chairperson; and (b) four other members. (2) The Board is the governing body of the Authority and performs the functions and the exercise the powers of the Authority, including the management of the Authority. (3) The members of the Board are to be appointed in a prescribed open and transparent selection process and procedures. (4) The members shall be independent and impartial in the exercise of their functions, shall represent the public interest and not any particular interest, and shall, at all times, seek to promote the objectives set out in section 3. (5) The Minister shall cause the appointment of a member to be published in the Gazette.