15Terms of office of Regulator

15 Terms of office of Regulator

[Section 15 Substituted by No. 13 of 2015, s. 10, Applied:01 Jul 2015]

(1)  The Regulator may be appointed for a term of not more than 5 years as specified in his or her instrument of appointment and may be reappointed.

(2)  For the purposes of this Part, the Regulator is absent from the office of Regulator if he or she –

(a) is absent from duty; or

(b) has vacated, within the meaning of section 16D , the office of Regulator; or

(c) has a direct or indirect interest (pecuniary or otherwise) in a matter being or about to be considered by the Regulator; or

(d) is otherwise unable to perform the functions of the office of Regulator.