31CCeasing to be trustee

31C Ceasing to be trustee (1) A person ceases to be a trustee of an approved scheme if: (a) the approval of the person's appointment is revoked under regulation 31B; or (b) the person resigns the appointment by written notice to the trustees of the scheme. (2) Within 14 days after the day on which a person ceases to be a trustee as mentioned in subregulation (1)(b), the trustees must give the Minister written notice of the cessation specifying: (a) the date of cessation; and (b) the reasons for, or circumstances of, the cessation.