Future Fund Act 2006
44Termination of appointment of Board members
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44 Termination of appointment of Board members
(1) The responsible Ministers may terminate the appointment of a Board member for misbehaviour or physical or mental incapacity. (2) The responsible Ministers may terminate the appointment of a Board member if: (a) the Board member: (i) becomes bankrupt; or (ii) applies to take the benefit of any law for the relief of bankrupt or insolvent debtors; or (iii) compounds with his or her creditors; or (iv) makes an assignment of his or her remuneration for the benefit of his or her creditors; or (b) the Board member is absent, except on leave of absence, from 3 consecutive meetings of the Board; or (c) the Board member contravenes section 56, 57, 58, 59, 60, 61 or 62; or (d) the Board member fails, without reasonable excuse, to comply with section 68, 69 or 71; or (e) the responsible Ministers are satisfied that the performance of the Board member has been unsatisfactory for a significant period.