Australian Securities and Investments Commission Act 1989
178Termination of appointment
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178 Termination of appointment
(1) The Governor‑General may terminate a member’s appointment because of misbehaviour, or the physical or mental incapacity, of the member or if the member: (a) becomes bankrupt, applies to take the benefit of a law for the relief of bankrupt or insolvent debtors, compounds with his or her creditors or assigns remuneration or property for their benefit; (b) is a full‑time member and engages without the Minister’s consent in paid employment outside the duties of the member’s office; (c) is a full‑time member and is absent from duty, except on leave granted in accordance with section 180, for 14 consecutive days, or for 28 days in any period of 12 months; (d) contravenes section 128; or (e) without reasonable excuse, contravenes section 185. (2) The Governor‑General may, with the consent of a full‑time member who is an eligible employee, retire the member from office on the ground of incapacity.