(1) There is hereby established an Industry Forum which shall be a platform to bring the industry together from time to time to discuss matters of common interest that relate to the industry.

(2) The Agency may designate an industry body to be the Forum by notifying that body in writing if the Agency is satisfied that

(a) the membership of the body is open to the relevant parties and is fully representative of the industry,

(b) the body is capable of performing as required under the relevant provisions of this Act, and

(c) the body has the administrative capacity to service the Forum.

(3) The body shall agree in writing to be the Forum, before being designated by the Agency.

(4) Despite the designation, each licensed entity under the Act is deemed to be a member of the Forum.

(5) The Agency may decide that an existing industry body that was previously designated under subsection (2) to be an Industry Forum is no longer an Industry Forum if satisfied that the body does not meet the requirements of this section any longer.

(6) A designation or withdrawal of designation under this section takes effect from the date specified by the Agency.

(7) Until the Agency designates a body, the Agency has the obligation to facilitate the meeting of the industry to perform the functions of the Forum.

(8) The Ministry and the Agency shall participate in the Forum as observers.