16DVacation of office

16D Vacation of office

[Section 16D Inserted by No. 13 of 2015, s. 10, Applied:01 Jul 2015]

(1)  The Regulator, the Acting Regulator or an Assistant Regulator is taken to have vacated his or her office if he or she –

(a) dies; or

(b) becomes bankrupt, applies to take the benefit of any law for the relief of bankrupt or insolvent debtors, compounds with his or her creditors, or makes an assignment of his or her remuneration or estate for their benefit; or

(c) resigns his or her office by writing under his or her hand addressed to the Minister and the Minister accepts the resignation; or

(d) is removed from office by the Minister under subsection (2) .

(2)  The Minister may remove a person from the office of Regulator, Acting Regulator or Assistant Regulator if the Minister is satisfied that the person –

(a) is absent from that office –

(i) otherwise than in accordance with the person's instrument of appointment to that office; or

(ii) without the permission of the Minister; or

(b) is convicted, in Tasmania or elsewhere, of a crime or an offence punishable by imprisonment for a term of 12 months or longer; or

(c) is convicted of an offence under this Act; or

(d) is unable to adequately perform the duties of office.