7Vacancies, resignations, removal from office

7 Vacancies, resignations, removal from office

(1) The office of a director of an electricity corporation appointed under clause 4 becomes vacant if the director—

(a) without the board's approval, fails to attend 3 consecutive meetings of the board; or

Sch. 1 cl. 7(1)(b) repealed by No. 42/1995 s. 224(Sch. 2 item 13.3).

(c) 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 for their benefit; or

(d) is convicted of an indictable offence or an offence which, if committed in Victoria, would be an indictable offence.

(2) A director appointed under clause 4 may resign by writing delivered to the Minister and the Treasurer.

(3) The Governor in Council may remove a director appointed under clause 4, or all directors so appointed, from office.

(4) If a director appointed under clause 4 of an electricity corporation—

(a) is convicted of an offence relating to his or her duties as a director; or

(b) fails, without reasonable excuse, to comply with clause 12—

the director must be removed from office by the Governor in Council.