Salaries, allowances and pensions for members
6(1)The Corporation—
(a)shall pay to the members of the Corporation such salaries or fees, and such travelling, subsistence or other allowances, as the Secretary of State may determine; and
(b)shall pay, or make such payments towards the provision of, such pension to or in respect of any member of the Corporation as the Secretary of State may determine.
(2)If a person ceases to be a member of the Corporation and it appears to the Secretary of State that there are special circumstances which make it right that he should receive compensation, the Secretary of State may direct the Corporation to make to that person a payment of such amount as the Secretary of State may determine.
(3)A determination or direction of the Secretary of State under sub-paragraph (1) or (2) above requires the approval of the Treasury.