47Removal and replacement of arbitrator

47 Removal and replacement of arbitrator (1) The regulator may remove an arbitrator from office if the arbitrator: (a) becomes mentally or physically incapable of carrying out the arbitrator’s duties satisfactorily; (b) is convicted of an indictable offence; (c) becomes bankrupt or applies to take the benefit of a law for the benefit of bankrupt or insolvent debtors; or (d) has a direct or indirect interest in the outcome of the dispute or matter under arbitration. (2) If an arbitrator resigns, is removed from office or dies, the regulator may appoint another person to take the place of the arbitrator.